WorldWideScience

Sample records for budget committee financing

  1. 77 FR 56238 - Finance, Budget & Program. Committee Meeting of the Board of Directors; Sunshine Act

    Science.gov (United States)

    2012-09-12

    ... From the Federal Register Online via the Government Publishing Office NEIGHBORHOOD REINVESTMENT CORPORATION Finance, Budget & Program. Committee Meeting of the Board of Directors; Sunshine Act TIME & DATE: 3 p.m., Thursday, September 20, 2012. PLACE: 1325 G Street NW., Suite 800, Boardroom, Washington,...

  2. 78 FR 24438 - Board of Directors Finance, Budget & Program Committee: Sunshine Act Meeting

    Science.gov (United States)

    2013-04-25

    ... From the Federal Register Online via the Government Publishing Office NEIGHBORHOOD REINVESTMENT CORPORATION Board of Directors Finance, Budget & Program Committee: Sunshine Act Meeting TIME AND DATE: 1:00 p.m., Thursday, May 2, 2013. PLACE: 1325 G Street NW., Suite 800, Boardroom, Washington, DC...

  3. 76 FR 55125 - Finance, Budget & Program Committee Meeting of the Board of Directors; Sunshine Act

    Science.gov (United States)

    2011-09-06

    ... From the Federal Register Online via the Government Publishing Office NEIGHBORHOOD REINVESTMENT CORPORATION Finance, Budget & Program Committee Meeting of the Board of Directors; Sunshine Act TIME AND DATE: 2 p.m., Wednesday, September 7, 2011 PLACE: 1325 G Street, NW., Suite 800, Boardroom, Washington,...

  4. 76 FR 67764 - Finance, Budget & Program Committee Board of Directors Meeting; Sunshine Act

    Science.gov (United States)

    2011-11-02

    ... From the Federal Register Online via the Government Publishing Office NEIGHBORHOOD REINVESTMENT CORPORATION Finance, Budget & Program Committee Board of Directors Meeting; Sunshine Act Time & Date: 10 a.m., Thursday, November 3, 2011. Place: 1325 G Street, NW., Suite 800, Boardroom, Washington, DC 20005....

  5. 78 FR 65716 - Sunshine Act Meeting; Finance, Budget & Program Committee Meeting of the Board of Directors

    Science.gov (United States)

    2013-11-01

    ... From the Federal Register Online via the Government Publishing Office NEIGHBORHOOD REINVESTMENT CORPORATION Sunshine Act Meeting; Finance, Budget & Program Committee Meeting of the Board of Directors TIME.... Corporate Scorecard Report D. HUD Counseling Rule E. Grants Report VIII. Adjournment Jeffrey T....

  6. 78 FR 8193 - Sunshine Act Meeting; Finance, Budget & Program Committee Meeting of the Board of Directors

    Science.gov (United States)

    2013-02-05

    ... CORPORATION Sunshine Act Meeting; Finance, Budget & Program Committee Meeting of the Board of Directors TIME..., Washington, DC 20005. STATUS: Open. CONTACT PERSON FOR MORE INFORMATION: Erica Hall, Assistant Corporate... Move VII. FY 13 Corporate Milestone Report and Dashboard VIII. NFMC and EHLP IX....

  7. 78 FR 53790 - Sunshine Act Meeting; Finance, Budget and Program Committee Meeting of the Board of Directors

    Science.gov (United States)

    2013-08-30

    ... CORPORATION Sunshine Act Meeting; Finance, Budget and Program Committee Meeting of the Board of Directors TIME... Corporate Secretary (202) 220-2376; ehall@nw.org . AGENDA: I. CALL TO ORDER II. FY2014 Preliminary Budget.... Financial Report IX. FY13 Corporate Scorecard Report Update and FY14 Draft Dashboard & Milestones X. FY...

  8. 77 FR 68155 - Finance, Budget & Program Committee Meeting of the Board of Directors; Sunshine Act Meeting Notice

    Science.gov (United States)

    2012-11-15

    ... CORPORATION Finance, Budget & Program Committee Meeting of the Board of Directors; Sunshine Act Meeting Notice..., Washington, DC 20005. STATUS: Open. CONTACT PERSON FOR MORE INFORMATION: Erica Hall, Assistant Corporate... IV. Committee Charter Review V. Financial Report VI. Corporate Investment Policy Review VII. DC...

  9. 77 FR 24538 - Sunshine Act Meeting Notice; Finance, Budget & Program; Committee Meeting of the Board of Directors

    Science.gov (United States)

    2012-04-24

    ... From the Federal Register Online via the Government Publishing Office NEIGHBORHOOD REINVESTMENT CORPORATION Sunshine Act Meeting Notice; Finance, Budget & Program; Committee Meeting of the Board of Directors TIME AND DATE: 2 p.m., Wednesday, May 2, 2012. PLACE: 1325 G Street NW., Suite 800,...

  10. INFLATIONARY EFFECTS OF BUDGET DEFICIT FINANCING IN CONTEMPORARY ECONOMIES

    Directory of Open Access Journals (Sweden)

    IRINA BILAN

    2007-01-01

    Full Text Available This paper tries to analyse the relations existing between the different ways of financing budget deficit and inflation, underlining the terms of these relations and the involved social and economic effects. An important source of inflation is considered to be the financing of budget deficits by direct appeal to the central bank’s resources, nowadays forbidden by law in most countries for its negative impact. Nevertheless, inflation can also appear as a consequence of debt financing of the budget deficit, considered acceptable in the contemporary society, when it indirectly involves the increase in the amount of money available to the economy above what’s absolutely necessary.

  11. 75 FR 5629 - NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting

    Science.gov (United States)

    2010-02-03

    ... Council, Audit, Finance, and Analysis Committee. Congressional testimony regarding FY2009 financial... SPACE ADMINISTRATION NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting AGENCY... Administration announces a meeting of the Audit, Finance and Analysis Committee of the NASA Advisory...

  12. EVOLUTION OF APPROACHES TO FINANCE THE BUDGET DEFICIT

    Directory of Open Access Journals (Sweden)

    K. Cherkashyna

    2014-12-01

    Full Text Available In the article, the causes and existence of the state budget deficit are defined. The main source of budget deficit financing in historical retrospective are considered. The most popular government securities which issued in foreign countries are compared in the article. The dynamics of the budget deficit in Ukraine and the sources of its coverage are analyzed in the article. There are three main types of government securities in Ukraine, such as: national currency-denominated government bonds, foreign currency-denominated government bonds and target government bonds. The main market maker of the government bonds' market is National Bank of Ukraine. The volume of resources, which are mobilized from the issue of the national currency-denominated government bonds are major then the volume of resources, which are mobilized from the issue of the foreign currency-denominated government bonds The necessity of further improvement of government securities as an important source of budget deficit financing is emphasized.

  13. Topics in Finance Part VI--Capital Budgeting

    Science.gov (United States)

    Laux, Judy

    2011-01-01

    This series on the theory of financial management offers insight into the roles of stockholder wealth maximization, the risk-return tradeoff, and agency conflicts as they apply to major topics in finance. The current article investigates capital budgeting. Much literature addresses this topic, with a number of articles challenging mainstream…

  14. 77 FR 67677 - NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting

    Science.gov (United States)

    2012-11-13

    ... SPACE ADMINISTRATION NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting AGENCY... Administration announces a meeting of the Audit, Finance and Analysis Committee of the NASA Advisory Council... Williams, Office of the Chief Financial Officer, National Aeronautics and Space Administration...

  15. 77 FR 9997 - NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting

    Science.gov (United States)

    2012-02-21

    ... SPACE ADMINISTRATION NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting AGENCY... Administration announces a meeting of the Audit, Finance and Analysis Committee of the NASA Advisory Council... Williams, Office of the Chief Financial Officer, National Aeronautics and Space Administration...

  16. 75 FR 17437 - NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting

    Science.gov (United States)

    2010-04-06

    ... SPACE ADMINISTRATION NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting AGENCY... Administration announces a meeting of the Audit, Finance and Analysis Committee of the NASA Advisory Council.... Charlene Williams, Office of the Chief Financial Officer, National Aeronautics and Space...

  17. 78 FR 20696 - NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting

    Science.gov (United States)

    2013-04-05

    ... SPACE ADMINISTRATION NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting AGENCY... Administration announces a meeting of the Audit, Finance and Analysis Committee of the NASA Advisory Council... FURTHER INFORMATION CONTACT: Ms. Charlene Williams, Office of the Chief Financial Officer,...

  18. 75 FR 41240 - NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting.

    Science.gov (United States)

    2010-07-15

    ... SPACE ADMINISTRATION NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting. AGENCY... Administration announces a meeting of the Audit, Finance and Analysis Committee of the NASA Advisory Council... Williams, Office of the Chief Financial Officer, National Aeronautics and Space Administration...

  19. 76 FR 65540 - NASA Advisory Council; Audit, Finance, and Analysis Committee Meeting

    Science.gov (United States)

    2011-10-21

    ... SPACE ADMINISTRATION NASA Advisory Council; Audit, Finance, and Analysis Committee Meeting AGENCY... Space Administration (NASA) announces that the meeting of the Audit, Finance and Analysis Committee of... Williams, Office of the Chief Financial Officer, NASA Headquarters, Washington, DC 20546, Phone:...

  20. 76 FR 20717 - NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting

    Science.gov (United States)

    2011-04-13

    ... SPACE ADMINISTRATION NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting AGENCY... Administration announces a meeting of the Audit, Finance and Analysis Committee of the NASA Advisory Council... Williams, Office of the Chief Financial Officer, National Aeronautics and Space Administration...

  1. 78 FR 21631 - NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting

    Science.gov (United States)

    2013-04-11

    ... SPACE ADMINISTRATION NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting AGENCY... the meeting of the Audit, Finance and Analysis Committee of the NASA Advisory Council have been... meeting of the Audit, Finance and Analysis Committee of the NASA Advisory Council. DATES: Monday, April...

  2. UK committee to push for CERN budget cuts

    CERN Multimedia

    Walgate, Robert

    1985-01-01

    A committee set up to assess Britain's continued membership of CERN will suggest that spending on high energy physics should be reduced. Germany and France also believe that CERN could survive cuts but the Director General Professor Schopper defended the CERN budget saying that increased spending was needed to increase the energy of LEP and to fulfill pension requirements (1 page)

  3. Mental budgeting and the management of household finance

    NARCIS (Netherlands)

    Antonides, G.; Groot, de I.M.; Raaij, van W.

    2011-01-01

    Mental budgeting and financial management were investigated in a large sample of the Dutch population. Mental budgeting was quite common, and was explained from general education, having saving goals, financial knowledge, time orientation, and financial situation. Also, mental budgeting, in addition

  4. 78 FR 41804 - NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting.

    Science.gov (United States)

    2013-07-11

    ... SPACE ADMINISTRATION NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting. AGENCY... Administration announces a meeting of the Audit, Finance and Analysis Committee of the NASA Advisory Council (NAC... Secretary, Office of the Chief Financial Officer, NASA Headquarters, Washington, DC 20546. Phone: (202)...

  5. 76 FR 4380 - NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting.

    Science.gov (United States)

    2011-01-25

    ... SPACE ADMINISTRATION NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting. AGENCY... Administration announces a meeting of the Audit, Finance and Analysis Committee of the NASA Advisory Council.... FOR FURTHER INFORMATION CONTACT: Ms. Charlene Williams, Office of the Chief Financial Officer....

  6. 77 FR 38679 - NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting

    Science.gov (United States)

    2012-06-28

    ... SPACE ADMINISTRATION NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting AGENCY... Administration (NASA) announces a meeting of the Audit, Finance and Analysis Committee of the NASA Advisory... Chief Financial Officer, NASA Headquarters, Washington, DC, 20546, email charlene.williams-1@nasa.gov...

  7. 78 FR 72718 - NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting

    Science.gov (United States)

    2013-12-03

    ... SPACE ADMINISTRATION NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting AGENCY... Administration announces a meeting of the Audit, Finance and Analysis Committee of the NASA Advisory Council... Herring, Office of the Chief Financial Officer, NASA Headquarters, Washington, DC 20546. Phone:...

  8. 76 FR 64112 - NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting.

    Science.gov (United States)

    2011-10-17

    ... SPACE ADMINISTRATION NASA Advisory Council; Audit, Finance and Analysis Committee; Meeting. AGENCY... Administration announces a meeting of the Audit, Finance and Analysis Committee of the NASA Advisory Council... access.) FOR FURTHER INFORMATION CONTACT: Ms. Charlene Williams, Office of the Chief Financial...

  9. 2004 federal budget : pre-budget submission to the Minister of Finance

    International Nuclear Information System (INIS)

    The Canadian Electricity Association represents 95 per cent of all generation, transmission, distribution and retail services provided to customers across Canada. For the past 6 years, it has provided technical analysis to the federal government on how tax changes could improve the environmental performance and competitiveness of an industry that has undergone massive restructuring, including unbundling and increased competition. The massive power outage in August 2003 heightened industry concerns over aging infrastructures and the need for major investment. This pre-budget submission to the Minister of Finance recommends improvements to the capital cost allowance (CCA) tax rates and increasing the CCA rate for used equipment. The Canadian Electricity Association argues that these improvements are fundamental to the ability of the industry to enhance its environmental performance and reduce greenhouse gas emissions. It was also suggested that new investment in supply, transmission and distribution should be encouraged to avoid potential shortfalls in supply, future peaking shortages and price spikes due to system constraints. The proposed changes would align CCA rates with the electricity assets while encouraging investment in the electricity sector. It was emphasized that tax changes are the pivotal signal to encourage investment in upgrading electricity assets. 3 tabs

  10. An investigation into the effectiveness of finance committees at schools / Ntombizodwa Moudrick Makiri

    OpenAIRE

    Makiri, Ntombizodwa Moudrick

    2014-01-01

    This study intended to explore the effectiveness of finance committees at schools. A qualitative design, using interviews with purposely selected participants made up of fifteen school principals and ten finance officers in the Sedibeng Districts of the Gauteng Department of Education was used for data collection. This was aimed at exploring how effective school finance committees are and to recommend ways of improving their effectiveness in executing their financial management function. The ...

  11. How the Federal Budget Is Planning to Finance Education

    OpenAIRE

    Tatiana Kliachko

    2012-01-01

    The federal budget for 2013 and the planning period 2014–2015 has already been given the label ‘anti-social’: the rising volume of budget allocations to the ‘guns’ brings down that of allocations to ‘butter’ – including ‘educational butter’

  12. 75 FR 31818 - National Science Board; Committee on Strategy and Budget; Sunshine Act Meetings; Notice

    Science.gov (United States)

    2010-06-04

    ... National Science Board; Committee on Strategy and Budget; Sunshine Act Meetings; Notice The National Science Board's Committee on Strategy and Budget, pursuant to NSF regulations (45 CFR part 614), the... National Science Board business and other matters specified, as follows: Date and Time: Tuesday, June...

  13. Reconsidering External Financing of Domestic Budget Deficits: Debunking Some Received Wisdom

    OpenAIRE

    Woo, D; Simon Gray

    2000-01-01

    The past decade has witnessed a steady increase in outstanding external sovereign debt issued by emerging market economies. This paper examines some of the “received wisdom” regarding the benefits of external financing of domestic budget deficits and argues that it is often predicated on a narrow set of assumptions and incomplete evaluation of the underlying costs. The paper also suggests alternative sources of financing that can help capture some of the benefits associated with foreign finan...

  14. Expenditure Rules Related to Government Budget (under the Public Finance Act 2009

    Directory of Open Access Journals (Sweden)

    Małgorzata Cilak

    2013-10-01

    Full Text Available The article is devoted to expenditure rules related to government budget, specified in Public Finance Act. The object of analysis is the legal con-struction and functioning of expenditure rules. The article tries to respond on a question of effectiveness of these restrictions of conduct of budgetary policy. The analysis covers the rules in articles 112a–112d and 86 of Public Finance Act.

  15. Expenditure Rules Related to Government Budget (under the Public Finance Act 2009)

    OpenAIRE

    Małgorzata Cilak

    2013-01-01

    The article is devoted to expenditure rules related to government budget, specified in Public Finance Act. The object of analysis is the legal con-struction and functioning of expenditure rules. The article tries to respond on a question of effectiveness of these restrictions of conduct of budgetary policy. The analysis covers the rules in articles 112a–112d and 86 of Public Finance Act.

  16. Interprovincial Comparisons of University Financing. Fourth Report of the Tripartite Committee on Interprovincial Comparisons.

    Science.gov (United States)

    Council of Ontario Universities, Toronto.

    Eight indicators used to make interprovincial comparisons of university financing in Canada are outlined and the values of these indicators are presented for 1974-1975 to 1980-1981. The Tripartite Committee on Interprovincial Comparisons has directed attention to how much financial support is provided to universities, how university financing fits…

  17. Towards a practical approach to responsible innovation in finance: New Product Committees revisited

    OpenAIRE

    Armstrong, Margaret; Cornut, Guillaume; Delacôte, Stéphane; Lenglet, Marc; Millo, Yuval; Muniesa, Fabian; Pointier, Alexandre; Tadjeddine, Yamina

    2011-01-01

    Purpose - The purpose of this paper is to highlight the potentials offered by New Product Committees for the development of responsible innovation in the financial services industry; and to provide grounds for policy recommendations. Design/methodology/approach - The paper takes the form of collective, interdisciplinary reflection and experience within the industry. Findings - New Product Committees can serve a practical approach to responsible innovation in finance. Originality/value - The p...

  18. FINANCING OF VAT TO THE LOCAL BUDGETS AND SOME ASPECTS IN THE CONTEXT OF ECONOMIC AND FINANCIAL CRISIS

    OpenAIRE

    Daniela Lidia Roman

    2011-01-01

    Providing financial resources for public funds is difficult to effectuate and the central government and local government level. Since local budgets do not own income sufficient to ensure the financing of all expenditures on behalf of local collectivities, then the state budget provides funding for social, economic local destinations. Decentralization of public services is accompanied by financial descentralization. In this paper we present some aspects of VAT revenue from the state budget us...

  19. 75 FR 56580 - Sunshine Act Meeting of LSC Board of Directors and Its Finance Committee

    Science.gov (United States)

    2010-09-16

    ..., Executive Assistant to the President, at (202) 295-1500. Questions may be sent by electronic mail to FR... an accommodation to attend the meeting may notify Kathleen Connors at (202) 295-1500 or FR_NOTICE... Sunshine Act Meeting of LSC Board of Directors and Its Finance Committee TIME AND DATE: The Legal...

  20. 75 FR 32816 - Sunshine Act Meeting of the Board of Directors Finance Committee Amended Notice

    Science.gov (United States)

    2010-06-09

    .... Questions may be sent by electronic mail to FR_NOTICE_QUESTIONS@lsc.gov . Special Needs: Upon request... (202) 295-1500 or FR_NOTICE_QUESTIONS@lsc.gov . Dated: June 4, 2010. Patricia D. Batie, Corporate... Sunshine Act Meeting of the Board of Directors Finance Committee Amended Notice Changes to the Meeting...

  1. 76 FR 55710 - Sunshine Act Meeting of LSC Board of Directors Finance Committee

    Science.gov (United States)

    2011-09-08

    ... Assistant to the Corporate Secretary, at (202) 295-1500. Questions may be sent by electronic mail to FR... Katherine Ward at (202) 295- 1500 or FR_NOTICE_QUESTIONS@lsc.gov , at least 2 business days in advance of... Sunshine Act Meeting of LSC Board of Directors Finance Committee TIME AND DATE: The Legal...

  2. 76 FR 36580 - Sunshine Act Meeting Notice; Finance Committee of the Board of Directors

    Science.gov (United States)

    2011-06-22

    ... (202) 295-1500. Questions may be sent by electronic mail to FR_NOTICE_QUESTIONS@lsc.gov . ACCESSIBILITY...- 1500 or FR_NOTICE_QUESTIONS@lsc.gov , at least 2 business days in advance of the meeting. If a request... Sunshine Act Meeting Notice; Finance Committee of the Board of Directors DATE AND TIME: The...

  3. Former House Budget Committee Chairman To Speak At Virginia's Technology Capital Access Forum

    OpenAIRE

    Felker, Susan B.

    2003-01-01

    John Kasich, a managing director of the Investment Banking Division of Lehman Brothers, 10-term former Congressman, former chairman of the House Budget Committee, and author of the "New York Times" bestseller "Courage Is Contagious," will be the dinner speaker for Virginia's Technology Capital Access Forum (VTCAF) on Wednesday, Nov. 12, at The Hotel Roanoke and Conference Center.

  4. Spending Smart: How To Budget and Finance. Making Sense of Your Budget Dollars; Success with Budget Proposals; Encumbering Grants: Managing the Money; Write a Grant? Me?; Using Microsoft[R] Excel To Plan and Budget in Your School Library; Charging Ahead; The No-Money Lottery; Coffee, Anyone?

    Science.gov (United States)

    Bernstein, Allison; Baule, Steve; Farmer, Lesley S. J.; Anderson, Cyndee; Barringer, Crystal; Buchanan, Peggy; Fullner, Sheryl Kindle; Knop, Kathi; Larson, Chris

    2002-01-01

    Includes eight articles that address issues related to budgeting and finances in secondary school libraries. Topics include limited budgets; budget proposals; administering grants; writing grants; using Microsoft's Excel software for budgeting; using credit cards for library purchases; offering prizes for donating books; and offering coffee and…

  5. Draft Budget of the Organization for the Fiftieth Financial Year 2004

    CERN Document Server

    2003-01-01

    The Finance Committee at its meeting of 17 September 2003 recommended the Council to approve the 2004 Preliminary Draft Budget at 2003 prices. This version takes into account the transfers from the 2003 Budget as per document CERN/FC/4759 . In accordance with the latter document, the Finance Committee is invited to recommend the Council to approve the amendments with respect to the 2004 Preliminary Draft Budget set out in the attached tables in Annex 1.

  6. Equity in health care financing in Portugal: findings from the Household Budget Survey 2010/2011.

    Science.gov (United States)

    Quintal, Carlota; Lopes, José

    2016-07-01

    Equity in health care financing is recognised as a main goal in health policy. It implies that payments should be linked to capacity to pay and that households should be protected against catastrophic health expenditure (CHE). The risk of CHE is inversely related to the share of out-of-pocket payments (OOP) in total health expenditure. In Portugal, OOP represented 26% of total health expenditure in 2010 [one of the highest among Organisation for Economic Co-operation and Development (OECD) countries]. This study aims to identify the proportion of households with CHE in Portugal and the household factors associated with this outcome. Additionally, progressivity indices are calculated for OOP and private health insurance. Data were taken from the Portuguese Household Budget Survey 2010/2011. The prevalence of CHE is 2.1%, which is high for a developed country with a universal National Health Service. The main factor associated with CHE is the presence of at least one elderly person in households (when the risk quadruples). Payments are particularly regressive for medicines. Regarding the results by regions, the Kakwani index for total OOP is larger (negative) for the Centre and lower, not significant, for the Azores. Payments for voluntary health insurance are progressive. PMID:26573411

  7. Finance.

    Science.gov (United States)

    Alexander, Kern

    Patterns that emerged from reviewing syllabi for 12 courses on higher education finance are discussed. The prevailing purpose of the course appeared to be to provide an introduction to fiscal problems and issues in higher education. Some courses did, however, go beyond the introductory stages to analyze the economics of higher education. Most…

  8. PROGRAM AND PURPOSE APPROACH TO FINANCE PLANNING (Military Budgets taken as an example)

    OpenAIRE

    I. V. Mozhilovsky

    2010-01-01

    A necessity to improve financial planning of military budgets according to bottom-up approach and elaboration of proposals on practical application of methodology for financial planning and preparation of budget on the basis of program and purpose approach are considered in the paper.The paper proposes to create program and purpose space, in other words organizational, informative and legal medium which makes it possible accurately and timely to give answers to such questions as: what resourc...

  9. Educational Financing and Budgeting in Viet Nam. Financial Management of Education Systems.

    Science.gov (United States)

    Can, Nguyen Ba; Long, Vu Van; Tam, Phan Thanh; Sinh, Nguyen Thi

    Vietnam started market reforms earlier than other countries in Southeast Asia and is used as a role model by the Asian Development Bank. Nevertheless, complicated bureaucracy and regional differences hinder improvements in financial management in education. The budgeting process, in particular, is cumbersome. This book presents a report of a…

  10. Financing and budgeting of community-based family medicine residency programs.

    Science.gov (United States)

    Carlisle, Robert

    2006-06-01

    Using an Internet-based survey for the fiscal year 2003 to 2004, 56 community-based family medicine residency programs participated in primary research of current financing and expenditures. A median of dollar 194,125 was invested in training each resident annually. The bulk of funding stemmed from sponsoring institution support and clinical care revenues. The majority of programs did not receive Title VII funds, state, local, or philanthropic support. Clinical care activity continued a historical trend of increases. There were 1,076 patient visits per resident full-time equivalent, producing 39.5% of program financing. The percentage of visits provided to those with Medicaid was 35.9%. Expenses included a calculated malpractice rate of dollar 17,097 per faculty full-time equivalent. This effort provides a database available for further expansion, a comparison to medical school-based residency programs, analyses for reflection on program characteristics, and future comparison of historical trends. PMID:16800412

  11. 75 FR 60491 - The Future of Aviation Advisory Committee (FAAC) Subcommittee on Financing; Notice of Meeting

    Science.gov (United States)

    2010-09-30

    ... on Financing; Notice of Meeting AGENCY: U.S. Department of Transportation, Office of the Secretary of... Transportation, announces a meeting of the FAAC Subcommittee on Financing, which will be held in the New Press... Financing will address the need for a stable, secure, and sufficient level of funding for our...

  12. Revising Vietnam's State Budget Law (2002) : Proposals Drawing on International Experience

    OpenAIRE

    World Bank

    2014-01-01

    This Policy Note is designed to inform the Government of Vietnam and National Assembly (notably the Committee on Finance and Budgetary Affairs, CFBA) discussions on the revision of the State Budget Law (SBL) (2002) by drawing on good international practices in budget management. It is part of the World Bank s ongoing policy dialogue with and advice to the Government and the National Assemb...

  13. 75 FR 34202 - The Future of Aviation Advisory Committee (FAAC) Subcommittee on Financing; Notice of Meeting

    Science.gov (United States)

    2010-06-16

    ... of the global economy. The Financing Subcommittee will address the need for a stable, secure, and.... Introduction and purpose of Subcommittee, 2. Discussion and selection of topics for study and on which to...

  14. Aoife Nolan, Rory O’Connell, Colin Harvey (eds., Human Rights and Public Finance: Budgets and the Promotion of Economic and Social Rights (Oxford and Portland: Hart Publishing, 2013

    Directory of Open Access Journals (Sweden)

    Floriana Ferro

    2014-03-01

    Full Text Available A review of: Aoife Nolan, Rory O’Connell, Colin Harvey (eds., Human Rights and Public Finance: Budgets and the Promotion of Economic and Social Rights (Oxford and Portland: Hart Publishing, 2013

  15. Significance of Trends on Enrolment, Budget and Actual Expenditure in the Examination of Higher Education Financing in Tanzania

    Science.gov (United States)

    Memba, Albert Zephaniah; Feng, Zhao Jun

    2016-01-01

    Financing of higher education in Tanzania is considered a crucial factor in realizing the country's development vision. It is for these reasons that Tanzania has been financing its higher education since its inception. Diminishing resource capacity and competing interests for government finance plunged the higher education into financial doldrums.…

  16. Interprovincial Comparisons of University Financing. Eighth Report of the Tripartite Committee on Interprovincial Comparisons.

    Science.gov (United States)

    Council of Ontario Universities, Toronto.

    Eight indicators used to make interprovincial comparisons of university financing in Canada are outlined and the amounts for these indicators for each of the 10 provinces are presented for 1974-1975 to 1984-1985. The eight indicators are as follows: provincial operating grants per student, provincial operating grants per capita, provincial…

  17. Update on Congress and new budget

    Science.gov (United States)

    Jones, Richard

    Thanks to some all-night sessions, Congress has adjourned until next year, having completed work on all but one of 13 appropriations bills. Hearings are being held by the House Ways and Means Committee and the Senate Finance Committee on economic growth packages, with little else scheduled. Congress is due to reconvene briefly on January 3, but will recess again until January 21.The action on the budget for fiscal year 1993, which begins on October 1, 1992, is now at the other end of Pennsylvania Avenue. Departments, agencies, and the Office of Management and Budget are in the midst of assembling the budget request for FY 1993. The executive branch maintains an almost total blackout on any official or unofficial news about what is being requested, much less what will be in the new budget.

  18. 76 FR 34761 - Sunshine Act Meeting of the Finance Committee of the Board of Directors; Notice

    Science.gov (United States)

    2011-06-14

    ... electronic mail to FR_NOTICE_QUESTIONS@lsc.gov . ACCESSIBILITY: LSC complies with the American's with... telephonically should contact Katherine Ward, at (202) 295- 1500 or FR_NOTICE_QUESTIONS@lsc.gov , at least 2... Committee on Legal Aid and Indigent Defense (SCLAID) Presentation by Don Saunders on behalf of...

  19. Report on the behalf of the finance, general economy and budget control commission on the finance bill for 2012: Appendix 14: ecology, sustainable development and planning. Energy

    International Nuclear Information System (INIS)

    The author first addresses aspect of the finance bill concerning past decisions and the past energy production context and policy: the after-mining management, measure in favour of Lorraine, an electricity cost which misses out the plant dismantling financing. Then, he addresses the policy in favour of renewable energies: renewal of hydroelectric concessions, tax support for energy sobriety. He comments the on-going audit of AREVA and EDF, and notably addresses the EPR construction issue (in Finland) and the purchase of UraMin by AREVA

  20. 14 December 2011 - Czech Republic Delegation to CERN Council and Finance Committees visiting ATLAS experimental area, LHC tunnel and ATLAS visitor centre with Former Collaboration Spokesperson P. Jenni, accompanied by Physicist R. Leitner and Swiss student A. Lister.

    CERN Multimedia

    Estelle Spirig

    2011-01-01

    14 December 2011 - Czech Republic Delegation to CERN Council and Finance Committees visiting ATLAS experimental area, LHC tunnel and ATLAS visitor centre with Former Collaboration Spokesperson P. Jenni, accompanied by Physicist R. Leitner and Swiss student A. Lister.

  1. Committees

    Science.gov (United States)

    2012-11-01

    -RESIGA Politehnica University of Timisoara Romania Kazuhiro TANAKA Kyushu Institute of Technology Japan Yoshinobu TSUJIMOTO Osaka University Japan Local Organizing Committee Chairman Yulin WU Tsinghua University Beijing Executive Chairman Zhengwei WANG Tsinghua University Beijing Members Shuliang CAO Tsinghua University Beijing Cichang CHEN South West University of Petroleum Chengdu Hongxun CHEN Shanghai University Shanghai Jiang DAI China Sanxia General Co Yichang Huashu DOU National University of Singapore Singapore Fengqin HAN Huanan University of Sci & Tech Guangzhou Kun LI Hefei Inst of General Machinery Hefei Rennian LI Lanzhou University of Sci & Tech Lanzhou Wanhong LI National Natural Science Foundation of China Beijing Chao LIU Yangzhou University Yangzhou Li LU China Inst of Water Resources and Hydropower Research Beijing Xingqi LUO Xi'an University of Tech Xi'an Zhenyue MA Dalian University of Sci & Tech Dalian Jiegang MU Zhejiang University of Tech Hangzhou Daqing QIN Harbin Electric Machinery Group Harbin Fujun WANG China Agriculture University Beijing Guoyu WANG Beijing Institute of Technology (BIT) Beijing Leqin WANG Zhejiang University Hangzhou Yuzhen WU NERCSPV Beijing Hongyuan XU Tsinghua University Beijing Jiandong YANG Wuhan University Wuhan Minguan YANG Jiangsu University Zhenjiang Shouqi YUAN Jiangsu University Zhenjiang Lefu ZHANG Harbin Electric Machinery Group Harbin Lixiang ZHANG Yunnan University of Sci & Tech Kunming Shengchang ZHANG Zhejiang University of Tech Hangzhou Kun ZHAO China Water & Electric Consulting Corp Beijing Yuan ZHENG Hehai University Nanjing Jianzhong ZHOU Huazhong University of Sci & Tech Wuhan Lingjiu ZHOU China Agriculture University Beijing Hongwu ZHU China Petroleum University Beijing Zuchao ZHU Zhejiang Sci-Tech University Hangzhou Secretaries Shuhong LIU (Academic), liushuhong@tsinghua.edu.cn Xianwu LUO (Registration), luoxw@tsinghua.edu.cn Baoshan ZHU (Finance), bszhu@mail.tsinghua.edu.cn

  2. Standing Concertation Committee

    CERN Multimedia

    HR Department

    2009-01-01

    Main points examined at the meeting of 24 June 2009 Results of the 2009 MARS exercise The Committee took note of the results of the 2009 MARS exercise presented by the Head of the HR Department, expressing satisfaction for the early availability of the statistics and for the fact that the analysis of the results covered the last three years. Status report on the work on the five-yearly review The Committee took note of a presentation by P. Gildemyn on the data collection procedure for the 2010 five-yearly review (staff, fellows, associate members of the personnel, CHIS) and of the proposed work schedule. Implications for employment conditions of the discussions at the Finance Committee and Council on 17 and 18 June 2009 The Chairman briefly reported on the discussions at the meetings of the Finance Committee and Council in June 2009, on the 2010-2014 medium-term plan and the 2010 preliminary draft budget, as well as on the modified strategy and goals for 2009. The Committee ...

  3. Les relations entre les budgets et les systèmes de mesure de la performance non financière : une étude empirique

    OpenAIRE

    Germain, Christophe

    2009-01-01

    (VF)La recherche s’intéresse aux rapports entre les systèmes budgétaires et les systèmes de mesure de la performance non financière (SMPNF). Les résultats d’une enquête réalisée auprès de 79 grandes entreprises montrent que les deux systèmes se complètent plus qu’ils ne se concurrencent au sein des dispositifs de contrôle de gestion. La complémentarité entre les budgets et les SMPNF est néanmoins conditionnée à la compatibilité des stratégies de contrôle attachées aux deux outils.(VA)The pres...

  4. The Choice Between External and Domestic Debt in Financing Budget Deficits; The Case of Central and West African Countries

    OpenAIRE

    Philippe Beaugrand; Montfort Mlachila; Boileau Loko

    2002-01-01

    The paper reviews the principles and practical considerations involved in the choice between foreign and domestic financing of fiscal deficits, and derives a series of recommendations broadly applicable to Central and West African countries. The paper develops a simple analytical framework and shows that highly concessional external debt is usually a superior choice to domestic debt in terms of financial costs and risks, even in the face of a probable devaluation. The paper stresses the impor...

  5. Prof. Manuel Trajtenberg, Chair of the Planning and Budget Committee, Council for Higher Education in Israel with CERN Director-General R. Heuer and in front of the ATLAS detector on Thursday 14th January.

    CERN Multimedia

    Maximilien Brice; Point 1

    2010-01-01

    Prof. Manuel Trajtenberg, Chair of the Planning and Budget Committee, Council for Higher Education in Israel with CERN Director-General R. Heuer and in front of the ATLAS detector on Thursday 14th January.

  6. The Use of Innovative Financial Instruments for Financing EU Policies and Objectives: Implications for EU and National Budgets

    OpenAIRE

    Núñez Ferrer, Jorge.; Volkery, Axel; Withana, Sirini; Medarova-Bergstrom, Keti

    2012-01-01

    This CEPS Special Report analyses the proposed expansion of innovative financial instruments in the EU Multiannual Financial Framework for the 2014–20 period. It presents the economic rationale, governance principles and criteria that these instruments should follow and compares these with proposals from the European Commission. Based on this assessment, it makes recommendations for the proposed instruments. The study, which was originally commissioned by the European Parliament's Committee o...

  7. Zero Base Budgeting.

    Science.gov (United States)

    Sarndal, Anne G.

    1979-01-01

    Traditional budgeting starts with the previous year's budget, but zero base budgeting demands that each activity be justified from "scratch," and establishes a number of increments for each unit, in order of priority. Given the set of increments and the money available, management can determine what activities to finance. (Author)

  8. Standing Concertation Committee

    CERN Multimedia

    HR Department

    2009-01-01

    The main items discussed at the meetings of the Standing Concertation Committee in the first quarter of 2009 included: Merit Appraisal and Recognition Scheme (MARS) 2009 exercise The committee took note of 2009 MARS ceiling guidelines giving the advancement budget by career path and amounting to approx 1.80% of the basic salary bill. To this will be added 250 steps CERN-wide, financed by savings from implementation of the international indemnity for 2007, 2008 and the first half of 2009. The specific Senior Staff Guidelines, including the proposed number of promotions from Career Path E to F, were also noted. The guidelines with respect to step distribution were also noted: the minima and maxima remain the same as in previous years. Compliance with the guidelines will continue to be monitored closely (more details, including a frequently asked questions section). It was also noted that Financial Awards (awards for extraordinary service and responsibility allowances) may b...

  9. Supporting Education... Building Canada: Child Poverty and Schools. Federal Budget 2009. Summary/Implications for Teachers and Education

    Science.gov (United States)

    Canadian Teachers' Federation (NJ1), 2009

    2009-01-01

    In November The Canadian Teachers' Federation (CTF), as part of the pre-budget consultation process, made a submission to the House of Commons Standing Committee on Finance. Entitled "Supporting Education... Building Canada: Child Poverty and Schools" the brief outlined why teachers saw child poverty as such an important issue to be addressed, and…

  10. Highlights of Publications Committee Meeting

    Science.gov (United States)

    The Publications Committee has the responsibility for the oversight of the entire publications program of the Union. They are the chief advisors to the Council on all matters relating to publication policy and practice. The committee meets twice each year for an all-day review of current areas of concern relating to journals, books, and translations. At its April 22, 1987, meeting in Washington, D.C., the following actions were taken: Decided to alter the Information for Contributors to clarify the expectations of AGU with regard to journal papers that have more than one author.Agreed to take several steps to inform the AGU members about the responsibilities and authorities of AGU journal editors and to reinforce the responsibilities of reviewers and authors as they relate to papers published by AGU.Approved a mechanism for evaluating AGU journals against other journals that compete with AGU for authors and readers.Endorsed a proposal of the Budget and Finance Committee that defines the target for the Council-designated reserve fund for publications. Recommended to the Budget and Finance Committee that future budgets carry a specific designation for investment in new technology for the publications activities.Reaffirmed the policy that only one subscription per member be provided at the special member rate. Urged staff to review the pricing structure for single issues to make it easier for members to purchase the occasional single issue.Encouraged the Translations Board to develop further their proposal for a data base on materials available in translation. Also requested the Translations Board to investigate translation of Japanese scientific literature, especially in hydrology.Agreed to support the Education and Human Resources Committee proposal to Council for testing a high school magazine based on items published in Eos. Made several suggestions for ways to improve the proposal with regard to the content of the magazine.

  11. Compendium of Materials on Zero-Base Budgeting in the States. 95th Congress; 1st Session. Committee Print.

    Science.gov (United States)

    Congress of the U.S. , Washington, DC. Senate Committee on Government Operations.

    This is a collection of 16 articles on zero-based budgeting (ZBB), dealing primarily with the practice as it occurs in the states. Included is a lengthy report on ZBB practices in the states based on a survey conducted by the National Association of State Budget Officers and the Congressional Research Service. (IRT)

  12. Budgeting in Hungary

    OpenAIRE

    Dirk-Jan Kraan; Daniel Bergvall; Ian Hawkesworth; Philipp Krause

    2006-01-01

    This review of the Hungarian budget process was carried out in May 2006. The review covers budget formulation, budget execution, parliamentary approval, accounting and auditing, and sub-national financing. Hungary has modernised its budget process over the last ten years, first as part of the pre-accession programme and then, since EU accession in 2004, in connection with the Convergence Programme 2005-08. Nevertheless, there remain some shortcomings which include the focus on the actual (non...

  13. 78 FR 18445 - Historically Black College and University (HBCU) Capital Financing Program; Modification of Terms...

    Science.gov (United States)

    2013-03-26

    ... Black College and University Capital Financing Program Cost Estimates for Modified Gulf Hurricane... Budget Historically Black College and University (HBCU) Capital Financing Program; Modification of Terms... MANAGEMENT AND BUDGET Historically Black College and University (HBCU) Capital Financing...

  14. BUDGET IN DANGER : OUR LETTER TO THE MINISTERS

    CERN Multimedia

    STAFF ASSOCIATION

    2010-01-01

    In edition no. 104 of Echo we told you about the Finance Committee meeting which took place on Wednesday 16 June and the tense atmosphere that reigned during this meeting. Echoing the alarming news from most of our countries (budget cuts, restrictions, reforms), CERN’s global budget is indeed under pressure. This is extremely serious. How can we carry out our mission if our Member States do not give us the means? Basic research cannot progress with budget cuts. The Management tried to make this understood at the meeting, however, most delegations could not or would not see reason. Refusing to sit idly by, the Staff Association decided to act immediately. It sent a letter to all ministers in the twenty Member States concerned by CERN and its financing. A copy was also sent to all Finance Committee and Council delegates. We thus hope to help convince all our Member States that it is essential that they continue to invest in basic research, a breeding ground for new ideas and at the roo...

  15. SABER-School Finance : Data Collection Instrument

    OpenAIRE

    World Bank

    2015-01-01

    The aim of the SABER-school finance initiative is to collect, analyze and disseminate comparable data about education finance systems across countries. SABER-school finance assesses education finance systems along six policy goals: (i) ensuring basic conditions for learning; (ii) monitoring learning conditions and outcomes; (iii) overseeing service delivery; (iv) budgeting with adequate an...

  16. SAY NO TO NEW BUDGET CUTS !

    CERN Document Server

    STAFF ASSOCIATION

    2010-01-01

    In June, CERN Finance Committee postponed its proposals for the 2011 budget and the Director-General’s medium-term plan (2012–2015). The Member State delegations asked for a significant reduction in these budgets. The Staff Association condemns this request for new budget cuts which shows a short-term political vision. It is therefore organizing a demonstration on 25th August to defend basic research in Europe. On this day your presence is indispensable. Enough of simply getting by ! We know that budget cuts and the reduction of deficits are topical in several countries. The areas of research and training are also affected. However, in the case of CERN, severe budgetary constraints have been imposed for several years now, in particular since 1996 when the Organization’s budget was reduced by around 10%, just when the construction of the LHC was due to start. Since then, 100 million Swiss francs have been lost each year, reducing CERN’s resources to a minimum. All e...

  17. PUBLIC FINANCING OF HEALTHCARE SERVICES

    Directory of Open Access Journals (Sweden)

    Agnieszka Bem

    2013-10-01

    Full Text Available Healthcare in Poland is mainly financed by public sector entities, among them the National Health Fund (NFZ, state budget and local government budgets. The task of the National Health Fund, as the main payer in the system, is chiefly currently financing the services. The state budget plays a complementary role in the system, and finances selected groups of services, health insurance premiums and investments in healthcare infrastructure. The basic role of the local governments is to ensure access to the services, mostly by performing ownership functions towards healthcare institutions.

  18. Nr 251 - Report on the behalf of the Commission of finances, general economy and budget control on the finance bill project for 2013. Appendix Nr 13: ecology, sustainable development and planning, risk prevention, management and steering of policies of ecology, energy, sustainable development and sea

    International Nuclear Information System (INIS)

    After having indicated some key figures (public finances and budgets awarded to different involved institutions and agencies), this report comments and discusses the various challenges and financial aspects regarding risk prevention: evolution of endowments in 2013, action in the field of prevention of technological risks and pollutions, issue of nuclear safety after the Fukushima accident (actions undertaken by the ASN, IRSN and ANDRA), assessment of the implementation of the PPRN (plan of prevention of natural risks) and management of flood risks, management of the after-mine period. The second part discusses the management and steering of policies of ecology, energy, sustainable development and sea in a context of decreased endowments

  19. Financing Sustainable Development

    DEFF Research Database (Denmark)

    Fejerskov, Adam Moe; Funder, Mikkel; Engberg-Pedersen, Lars;

    aid budgets or divert them to meet refugee and migration issues. In this context of massive global ambition and concurrent uncertainty on the future of aid, other actors and sources of development financing seem ever more critical, such as the private sector, private foundations and the BRICS....... But what are in fact the interests and modes of operation of such actors in the context of development financing, and to what extent do they align with the aims of the SDGs? And how do national governments of developing countries themselves perceive and approach these new sources of financing?...

  20. Intertemporal State Budgeting

    OpenAIRE

    Bruce Baker; Daniel Besendorfer; Kotlikoff, Laurence J.

    2002-01-01

    This study presents intertemporal budgeting as of 1999 for all 50 U.S.states. Intertemporal state budgeting compares the present value of a state's projected receipts with the present value of its projected expenditures (exclusive of interest payments)plus the current value of its net debt (liabilities minus assets). Our projections start with the 1999 U.S.Census Bureau's State Government Finances survey of receipts,expenditures,and debt.We group these highly detailed data into a framework th...

  1. Points from the September Committee Meetings

    CERN Multimedia

    2002-01-01

    After a turbulent year, the Committee meetings during the week beginning 16th September took a calmer nature, even if the follow-up of the cost-to-completion review was still a central topic of discussion. The detailed Action Plan and timetable for implementing the recommendations of the External Review Committee were among the principle items. The Plan is based on actions that address specific recommendations, from the redeployment of staff to the LHC to improved financial controls and budgetary tools. It was well received by the Committees and will be presented to the full CERN Council in December. In the meantime, many actions are underway, such as the restructuring of the Accelerator Sector, and the establishment of an external committee to review costs and progress of the LHC on an annual basis. The Finance Committee examined the proposed budget for 2003, which will also be presented to Council for approval in December. In addition, the Committee approved the volume of Industrial Support contracts for 20...

  2. EU TAXES AS GENUINE OWN RESOURCE TO FINANCE THE EU BUDGET : PROS, CONS AND SUSTAINABILITY-ORIENTED CRITERIA TO EVALUATE POTENTIAL TAX CANDIDATES

    OpenAIRE

    Schratzenstaller, Margit; Krenek, Alexander; Nerudová, Danuše; DOBRANSCHI Marian

    2016-01-01

    EU taxes play a key role in political and economic discussions about the future of the EU own resource system, and their desirability can vary accordingly. It is therefore essential to clearly articulate the goals which are to be achieved by the introduction of this new financing tool. This paper provides a critical overview of advantages and disadvantages of EU taxes. Reviewing the conventional fiscal federalism and political economy literature on this topic it can be concluded that there is...

  3. Budgeting in Norway

    OpenAIRE

    Barry Anderson; Teresa Curristine; Olaf Merk

    2006-01-01

    Norway is a prosperous country with a healthy economy and a very high standard of living. Norway provides a truly unique example of long-term budgetary planning through its successful management of oil assets by means of the Government Pension Fund – Global. This article examines the annual budget process which is an important factor in the health of Norway’s public finances. The cabinet has a central role in formulating the budget via the annual budget conferences. Parliament has a strong fo...

  4. BUDGET AND PUBLIC DEBT

    Directory of Open Access Journals (Sweden)

    Morar Ioan Dan

    2014-12-01

    Full Text Available The issue of public budgeting is an important issue for public policy of the state, for the simple reason that no money from the state budget can not promote public policy. Budgetary policy is official government Doctrine vision mirror and also represents a starting point for other public policies, which in turn are financed by the public budget. Fiscal policy instruments at its disposal handles the public sector in its structure, and the private sector. Tools such as grant, budgetary allocation, tax, welfare under various forms, direct investments and not least the state aid is used by the state through their budgetary policies to directly and indirectly infuence sector, and the private. Fiscal policies can be grouped according to the structure of the public sector in these components, namely fiscal policy, budgeting and resource allocation policies for financing the budget deficit. An important issue is the financing of the budget deficit budgetary policies. There are two funding possibilities, namely, the higher taxes or more axles site and enter the second call to public loans. Both options involve extra effort from taxpayers in the current fiscal year when they pay higher taxes or a future period when public loans will be repaid. We know that by virtue of "fiscal pact" structural deficits of the member countries of the EU are limited by the European Commission, according to the macro structural stability and budget of each Member State. This problem tempers to some extent the governments of the Member States budgetary appetite, but does not solve the problem of chronic budget deficits. Another issue addressed in this paper is related to the public debt, the absolute amount of its relative level of public datoriri, about the size of GDP, public debt financing and its repayment sources. Sources of public debt issuance and monetary impact on the budget and monetary stability are variables that must underpin the justification of budgetary

  5. Balancing local budgets in Romania

    OpenAIRE

    Attila GYÖRGY

    2014-01-01

    Local budgets in Romania are balanced with revenues transferred from state budget according to the criterions laid down in the Local Public Finance Act. These criterions are focusing on the financial capacity, population and surface, each local budget getting balancing amounts inversely with the administrative unit’s wellness and directly to size. The repartition algorithm is used for more than a decade, but periodically it was revised in order to be better folded to fiscal policy and economi...

  6. PUBLIC FINANCE VERSUS PRIVATE FINANCE

    OpenAIRE

    AUREL IOAN GIURGIU; FLORIN SEBASTIAN DUMA

    2010-01-01

    The generic term of finance comprises a multitude of practical forms, apparently different not only from the targeted purpose, but also by the way of creating and using of the funds. However, finance is divided in two main forms: public finance and private finance. The public finance is trying to satisfy the common needs of the entire community which is administered by the constituted authority, while the private finance refers to the needs of a much more restrained community constituted thro...

  7. Colleges and Institutes: Advanced Skills and Applied Research. Submission to the House of Commons Standing Committee on Finance Pre-Budget Consultations 2009

    Science.gov (United States)

    Association of Canadian Community Colleges, 2009

    2009-01-01

    Integrated with the industrial and technical drivers of the economy, Canada's colleges, institutes, polytechnics and cegeps offer the advanced skills of faculty and staff to support the private sector's need for applied research, product and process innovation, commercialization and technology transfer. Federal investments in research over the…

  8. Yeni Ekonomik Düzende Bütçe Sistemlerindeki Değişim Süreci ve Türk Kamu Maliyesinin Uyumu(The Changing Period of Budget Systems in the New Economic Order and the Harmony of Turkish Public Finance

    Directory of Open Access Journals (Sweden)

    Esra SİVEREKLİ DEMİRCAN

    2006-01-01

    Full Text Available Budget is the most important tool of goverment to perform its economic activities. The budget systems which form the classification tecniques of the units that take place in directing and ordering the economy and in carrying out the economy policy, have a crucial role. In this context, result oriented performance based budgeting system in public services has been accepted and practiced widely in the new world order created by globalization process in which we live. On this way, Turkey took its first steps with the Public Finance Administration and Control Law numbered 5018 that went into effect in 2006 and the practice of performance based budgeting system which is input-output oriented has begun in public institutions and organizations. In this period, the reorganization of Turkish Public Finance Administration and efficiency in public servivices have been realized. However, some problems that make the harmony difficult to the system have taken place. The method used in this study has provided an opportunity to analyze Turkish Public Finance Administration on theoretical grounds.

  9. Russia’s Interbudgetary Relations and Subnational Finance in 2009

    OpenAIRE

    Anton Siluanov; Vladimir Nazarov; Arseny Mamedov

    2010-01-01

    This paper deals with interbudgetary relations and subnational finances in the Russian Federation. The authors focus on the issue of subnational budgets during the financial crisis of 2008. They analyze financial aid from the federal budget to regional authorities.

  10. The Audit Committee. Board Basics

    Science.gov (United States)

    Ostrom, John S.

    2004-01-01

    The Effective Committees set of booklets comprises publications on the following committees: investment, buildings and grounds, academic affairs, student affairs, finance, development, trustees, audit, compensation, and executive. It is part of the AGB Board Basics Series. This report describes the primary role of an audit committee. The primary…

  11. Performance Budgeting in Poland: An OECD Review

    OpenAIRE

    Ian Hawkesworth; Lisa von Trapp; David Fjord Nielsen

    2011-01-01

    Poland currently has a traditional budget system that is primarily based on organisational units and control of inputs. But Poland is in the process of introducing a new budget system, the performance-based budgeting system, in order to improve public finance management and strengthen allocative and operational efficiency, multi-year budgeting, and transparency and accountability. Poland faces hard choices on how to harness the advantages of performance management while minimising the costs i...

  12. Behavioralizing Finance

    OpenAIRE

    Shefrin, Hersh

    2010-01-01

    Finance is in the midst of a paradigm shift, from a neoclassical based framework to a psychologically based framework. Behavioral finance is the application of psychology to financial decision making and financial markets. Behavioralizing finance is the process of replacing neoclassical assumptions with behavioral counterparts. This monograph surveys the literature in behavioral finance, and identifies both its strengths and weaknesses. In doing so, it identifies possible directions for behav...

  13. Tuition Tax Relief Bills. Hearings Before the Subcommittee on Taxation and Debt Management Generally of the Committee on Finance. Ninety-Fifth Congress, Second Session on S.96, S.311, S.834, S.954, S.1570, S.1781, S.2142. Part 1 of 2 Parts. Oral Testimony, January 18 and 19, 1978.

    Science.gov (United States)

    Congress of the U.S., Washington, DC. Senate Committee on Finance.

    These hearings contain the text of the Packwood-Moynihan bill (S.2142) and other tuition tax-relief bills before the Senate (S.96, S.311, S.834, S.954, S.1570, and S.1781) as well as the testimony given January 18 and 19, 1978, before the Subcommitte on Taxation and Debt Management Generally of the Committee on Finance. (Author/IRT)

  14. 11 CFR 9002.9 - Political committee.

    Science.gov (United States)

    2010-01-01

    ... 11 Federal Elections 1 2010-01-01 2010-01-01 false Political committee. 9002.9 Section 9002.9 Federal Elections FEDERAL ELECTION COMMISSION PRESIDENTIAL ELECTION CAMPAIGN FUND: GENERAL ELECTION FINANCING DEFINITIONS § 9002.9 Political committee. For purposes of this subchapter, political committee means any committee, club,...

  15. WORKING IMPROVEMENT OF MODERN FINANCE IN MILLENNIUM WORLD

    OpenAIRE

    Dr. M Moses Antony Rajendran

    2012-01-01

    Finance is very important for every business activities. To perform the finance we have to follow the accounting languages bases on the nature of the business. If all are one package in the computer, software it is easy to handle, monitor, control, plan, organize, direct and budget the finance. Let us make a challenge in the computer software for the whole finance packages of every business related activities. In this article, it mentioned about the finance functions in the various levels of ...

  16. Budgeting Process

    Science.gov (United States)

    Hentschke, Guilbert C.; Shaughnessy, John

    1973-01-01

    Attempts to describe the budgeting process in school districts. Discusses general budget calendars and explains the process of constructing a Program Evaluation and Review Technique (PERT) chart of the budgeting process. Presents a detailed list of activities to be included in the budgeting process and a PERT chart indicating how these activities…

  17. Financing Higher Education in the Nordic Countries.

    Science.gov (United States)

    Strom, Geir

    1996-01-01

    The higher education systems and financing mechanisms in Norway, Denmark, Sweden, and Finland are described. In each, enrollment and productivity, in terms of student flow, are important financing factors. A new budget model developed for Norway is outlined, and efforts to create a cooperative community for higher education in the Nordic countries…

  18. Budget and budgetary process in Romania

    OpenAIRE

    Gherghina DRILA

    2010-01-01

    The unitary system of budgets was an important moment in the evolution of public finances, creating the framework for more effective management and control over allocated funds, public finances becoming those interactive tools used to match the requirements of economic and social environment, also being a catalyst for development. Romanian economy hasn’t matured yet, we are to achieve satisfactory participation in Gross Domestic Product (GDP) which, concerning the budget, should be translated...

  19. Project financing

    International Nuclear Information System (INIS)

    Project financing was defined ('where a lender to a specific project has recourse only to the cash flow and assets of that project for repayment and security respectively') and its attributes were described. Project financing was said to be particularly well suited to power, pipeline, mining, telecommunications, petro-chemicals, road construction, and oil and gas projects, i.e. large infrastructure projects that are difficult to fund on-balance sheet, where the risk profile of a project does not fit the corporation's risk appetite, or where higher leverage is required. Sources of project financing were identified. The need to analyze and mitigate risks, and being aware that lenders always take a conservative view and gravitate towards the lowest common denominator, were considered the key to success in obtaining project financing funds. TransAlta Corporation's project financing experiences were used to illustrate the potential of this source of financing

  20. Late Budgets

    DEFF Research Database (Denmark)

    Andersen, Asger Lau; Lassen, David Dreyer; Nielsen, Lasse Holbøll Westh

    The budget forms the legal basis of government spending. If a budget is not in place at the beginning of the fiscal year, planning as well as current spending are jeopardized and government shutdown may result. This paper develops a continuous-time war-of-attrition model of budgeting in a...... presidential style-democracy to explain the duration of budget negotiations. We build our model around budget baselines as reference points for loss averse negotiators. We derive three testable hypotheses: there are more late budgets, and they are more late, when fiscal circumstances change; when such changes...... are negative rather than positive; and when there is divided government. We test the hypotheses of the model using a unique data set of late budgets for US state governments, based on dates of budget approval collected from news reports and a survey of state budget o¢ cers for the period 1988...

  1. Consumer Finance

    OpenAIRE

    Peter Tufano

    2009-01-01

    Although consumer finance is a substantial element of the economy, it has had a smaller footprint within financial economics. In this review, I suggest a functional definition of the subfield of consumer finance, focusing on four key functions: payments, risk management, moving funds from today to tomorrow (saving/investing), and from tomorrow to today (borrowing). I provide data showing the economic importance of consumer finance in the American economy. I propose a historical explanation fo...

  2. Behavioral Finance

    OpenAIRE

    Hirshleifer, David

    2003-01-01

    Behavioral finance is the study of how psychology affects financial decision making and financial markets. A valuable resource for both academics and practitioners, this authoritative collection brings together the main works in both psychology and finance, dealing with the debate between proponents of the behavioral school and advocates of the efficient market school. The first volume contains works written by leading psychologists that underlie behavioral finance, focusing on general issues...

  3. Hearing on Revenue Provision in President's Fiscal Year 2000 Budget. Testimony before the House Committee on Ways and Means. Statement of Rene Bouchard, District Superintendent, Steuben-Allegany Counties, and Chief Executive Officer, Steuben-Allegany Board of Cooperative Educational Services, Bath, New York on Behalf of National Rural Education Association.

    Science.gov (United States)

    Bouchard, Rene

    In an address to the House Ways and Means Committee on the Revenue Provision in the Year 2000 Budget, Rene Bouchard, CEO of Steuben-Allegany Board of Cooperative Educational Services, discusses the needs of rural schools and how the President's school modernization proposal would help them. Bouchard argues the need for federal assistance to school…

  4. Project financing

    International Nuclear Information System (INIS)

    This paper presents the basic concepts and components of the project financing of large industrial facilities. Diagrams of a simple partnership structure and a simple leveraged lease structure are included. Finally, a Hypothetical Project is described with basic issues identified for discussion purposes. The topics of the paper include non-recourse financing, principal advantages and objectives, disadvantages, project financing participants and agreements, feasibility studies, organization of the project company, principal agreements in a project financing, insurance, and an examination of a hypothetical project

  5. [Dilemmas of health financing].

    Science.gov (United States)

    Herrera Zárate, M; González Torres, R

    1989-01-01

    The economic crisis had had a profound effect on the finances of health services in Mexico. The expenditure on health has decreased, both in absolute terms and in relation to the national gross product. Funding problems have been aggravated by inequities in budget distribution: social security institutions have been favored; geographical distribution of resources is concentrated in the central areas of the country and in the more developed states, and curative health care has prevailed over preventive medicine. Administrative inefficiency hinders even more the appropriate utilization of resources. Diversification of funding sources has been proposed, through external debt, local funding, and specific health taxing. But these proposals are questionable. The high cost of the debt service has reduced international credits as a source of financing. Resource concentration at the federal level, and the different compromises related to the economic solidarity pact have also diminished the potentiality of local state financing. On the other hand, a special health tax is not viable within the current fiscal framework. The alternatives are a better budget planning, a change in the institutional and regional distribution of resources, and improvement in the administrative mechanisms of funding. PMID:2697097

  6. Financing Higher Education in Canada.

    Science.gov (United States)

    Association of Universities and Colleges of Canada, Ottawa (Ontario).

    It is the purpose of the committee responsible for this document to study, report, and make recommendations on the financing of universities and colleges of Canada, with particular reference to the decade ending 1975, including: (1) prospective financial requirements of universities and colleges, for operation, research, physical facilities and…

  7. School Attendance and the District Budget

    Science.gov (United States)

    Joubert-Guillory, Julie

    2009-01-01

    House Bill 1 became a major piece of legislation in Texas a few years ago. It was designed primarily to address public school finance, property tax relief, public school accountability, and education-related matters. This piece of legislation has forced districts to manage their finances very differently, undergo budget reductions, and continue…

  8. Public Finance in China since the Late Qing Dynasty

    NARCIS (Netherlands)

    B. Krug (Barbara)

    2008-01-01

    textabstractHow is "public finance" organized in China? Is China’s public finance system different from that of other countries? Can we detect features which link today’s system to the past? Public finance refers to more than annual state budgets and constitutional procedures. It includes foreign de

  9. Cutback budgeting

    OpenAIRE

    Robert D. Behn

    1984-01-01

    The process of cutback budgeting that occurs in an era of retrenchment differs significantly from budgeting in circumstances of revenue growth. Negotiating an agreement on a set of decrements is far more complicated than allocating increments: No one wants to be the first to propose a cut in another constituency's budget, and any coalition formed in support of a given package of cuts is inherently unstable. Still, several conditions appear to facilitate cutback budgeting: an overarching issue...

  10. 12 CFR 917.8 - Budget preparation.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Budget preparation. 917.8 Section 917.8 Banks and Banking FEDERAL HOUSING FINANCE BOARD GOVERNANCE AND MANAGEMENT OF THE FEDERAL HOME LOAN BANKS POWERS AND RESPONSIBILITIES OF BANK BOARDS OF DIRECTORS AND SENIOR MANAGEMENT § 917.8 Budget...

  11. Tamil Nadu Budget Speech: 2012-13

    OpenAIRE

    Tamil Nadu Government

    2012-01-01

    Speech of Thiru O. Panneerselvam, Hon’ble Minister for Finance, Government of Tamil Nadu, presenting the Budget for the year 2012-2013 to the Legislative Assembly on 26th March, 2012. [Government of Tamil Nadu]. URL:[http://www.tn.gov.in/budget/budgetspeech_e_2012_2013.pdf].

  12. Capital budgeting

    OpenAIRE

    Dorel BERCEANU; Costel IONAŞCU

    2009-01-01

    This paper has like objective to present some aspects concerning capital budgeting. So, after a short introduction where we specify necessary conditions for a decision situation and we define investment decision and capital budgeting we made a large presentation of stages of capital budgeting process.

  13. Report on the behalf of the finance, general economy and budget control commission on the finance bill for 2012: Appendix 14: ecology, sustainable development and planning. Energy; Rapport fait au nom de la Commission des Finances, de l'Economie Generale et du Controle Budgetaire sur le projet de loi de finances pour 2012 (n. 3775), Annexe n.14 ecologie, developpement et amenagement durables. Energie

    Energy Technology Data Exchange (ETDEWEB)

    Carrez, G.

    2011-07-01

    The author first addresses aspect of the finance bill concerning past decisions and the past energy production context and policy: the after-mining management, measure in favour of Lorraine, an electricity cost which misses out the plant dismantling financing. Then, he addresses the policy in favour of renewable energies: renewal of hydroelectric concessions, tax support for energy sobriety. He comments the on-going audit of AREVA and EDF, and notably addresses the EPR construction issue (in Finland) and the purchase of UraMin by AREVA

  14. Budget Dynamics

    OpenAIRE

    Breunig, Christian; Mortensen, Peter B.

    2012-01-01

    Budget dynamics may sound as a contradiction in terms to scholars familiar with Wildavsky and colleagues' seminal work on public budgeting (Wildavsky 1964). As stated by Davis, Dempster, and Wildavsky (1966, 529): “This year’s budget is based on last year’s budget, with special attention given to a narrow range of increases or decreases.” For some years this simple model was considered something of an empirical law of public budgets. However, already in the 1970s several scholars started to q...

  15. Performance Budgeting in the Netherlands: Beyond Arithmetic

    OpenAIRE

    2006-01-01

    Performance-based budgeting seems to be a promising tool for improving the management and accountability of public finances. However, its application causes many difficulties. This article briefly reviews international experience with performance-based budgeting and explores its application in the Netherlands since the late 1990s, including a case study of the Safety Programme. The focus is on transparency and the quality of the performance information. Compared to the former input budget, pe...

  16. Horse-trading over the EU budget

    OpenAIRE

    Neheider, Susanne

    2007-01-01

    About 75% of the EU budget are transfer expenditures that go to the agricultural sector and to regional policies. This has long been criticised but the structure of the EU budget has barely changed over the last decades. The EU finances are mainly based on a unanimous agreement between the heads of state or government of the EU member states. During budget negotiations, horse trading or logrolling is a common practice. Negotiators combine expenditure positions and arrangements on the revenue ...

  17. An Analysis of the New Budget Law of Mongolia of 2011

    OpenAIRE

    Lkhagvadorj, Ariunaa

    2012-01-01

    The government of Mongolia developed and passed a new Budget Law on 23 December 2011 in order to improve the legal framework for budgeting, budget relations and fiscal management by integrating the Budget Law of 2002 and Public Sector Management and Finance Law. The purpose of new Budget Law is to ensure fiscal stability, enhance the efficiency and predictability of resource allocation, and to increase citizens’ participation in the budgeting process. The new Budget Law in its 11 chapters...

  18. CHANGES IN THE STRUCTURE OF ROMANIAN LOCAL BUDGETS

    OpenAIRE

    Cristinel ICHIM

    2010-01-01

    The basic component of local public finances is the local budget, defined as the document through which annual revenue and expenditure of administrative-territorial units are provided and approved. By means of local budgets, the activity of local public finances is designed and operated, local public budgets being tools for forecasting, programming, implementing and monitoring the results of the execution of financial resources of local communities and their distribution and use through local...

  19. Improvements of budget management efficiency based on strategy management system

    OpenAIRE

    Aleksandr Kuklin; Natalya Shpak

    2006-01-01

    The economic and finance efficiency of enterprise activity is one of the competitive-ness factors in the conditions of modern market. Two indicatives are the basis of economic and finance evaluation: liquidity ratio and profit ratio. Budget management is the unique technology, which can run liquidity and profitability by the system of budgets together. In this article the author describe the way of improvements in budgeting management by the sys-tem of BSC (Balanced Score Card). This tool giv...

  20. Financing Investment

    DEFF Research Database (Denmark)

    Hirth, Stefan; Flor, Christian Riis

    Intuition suggests that corporate investment should be decreasing in financing constraints. We show that even when financing is obtained using a standard debt contract and there is symmetric information between the firm and outside investors, the relation is actually U-shaped. We thus provide a new...... theoretical explanation for the recent empirical findings of Cleary et al. (2007). We split up the endogenously implied financing costs and propose a trade-off between expected liquidation costs and second-best investment costs. For rather unconstrained firms, the risk of costly liquidation dominates the cost...

  1. Public Finance in China since the Late Qing Dynasty

    OpenAIRE

    Krug, Barbara

    2008-01-01

    textabstractHow is "public finance" organized in China? Is China’s public finance system different from that of other countries? Can we detect features which link today’s system to the past? Public finance refers to more than annual state budgets and constitutional procedures. It includes foreign debt, state monopolies or monetary policies, all of which played a crucial role in China’s public finance during the last hundred years. A purely legislative definition obscures the fact that changes...

  2. NSF and NASA budgets increased

    Science.gov (United States)

    Bell, Peter M.

    Research budgets of several of the federal government agencies were increased significantly over the Reagan administration's requests in the House of Representative's appropriations bill H.R. 4034. These budgets had been removed from the Reagan administration's omnibus reconciliation bill, and thus there were worries expressed that certain research funding could be in jeopardy. The rationale was that because the requests were voted on individually on the floor of the House, many sections of the budgets would be subjected to extra scrutiny, which would lead to more cuts.The National Science Foundation (NSF) budget request had been cut and reordered by the Office of Management and Budget (OMB) by making sharp reductions in programs of the social sciences and in programs of science and engineering education. There were fears that these programs would be reinstated to the original request level, at the expense of the budgets of other research activities. These fears materialized, but only momentarily. Efforts to cut the research activities by the House Appropriations Committee were soundly defeated. The budget was supported, with additional increases to provide for the education programs, by a high margin, which included most Republican and Democratic members of the House of Representatives. The overall NSF budget, as passed, has a total appropriation of $1103.5 million, compared with the Administration's request of $1033.5 million (the Fiscal Year 1981 appropriation for the NSF was $1022.4 million). The House approved budget included increases of $44.9 million in research and $25.1 million in science and engineering education. Included in the research budget increase were recommendations by the House Appropriations Committee for support of the social sciences and for the international affairs programs. Also included in the recommendations was support of interdisciplinary research programs that cut across the directorates of the NSF.

  3. Crisis Budgeting

    OpenAIRE

    Allen Schick

    2009-01-01

    Budgeting is fundamentally altered, if only temporarily, by pressures that overwhelm established policies and practices. This article discusses conventional and non-conventional responses to crisis, and how crisis impacts on the budget process. Just as crisis has mobilised governments to take global actions that spill beyond national boundaries, the aftermath of crisis will spur them to harmonise and integrate budget policies that affect the international financial system.

  4. Financing a Simulation Center.

    Science.gov (United States)

    Tsuda, Shawn; Mohsin, Adnan; Jones, Daniel

    2015-08-01

    As simulation-based training has become established within medical and health professional disciplines, skills training laboratories have become a standard in surgery training programs. In 2008, the American College of Surgeons and Association of Program Directors in Surgery developed a simulation-based surgical skills curriculum; the Residency Review Committee for Surgery of the Accreditation Council for Graduate Medical Education mandated access to skills laboratories for all surgery programs. Establishing a surgical skills laboratory and adapting the training curriculum requires a significant amount of resources. This article discusses the financial aspects of establishing a training center, from funding opportunities to budgeting considerations. PMID:26210971

  5. Annual budget

    International Nuclear Information System (INIS)

    This paper reports that all businesses, including individuals, should have a budget - that is, an estimation of income and expense over an annual cycle. For companies, the budget is generally prepared and approved about one quarter before the start of the company's fiscal year and is updated and revised each quarter during the year. Although budgeting is a task dreaded by most exploration managers, it is usually the vehicle by which drilling prospects, the heart of any exploration program, are sold to the final decision makers. The budgeting process should be viewed as an opportunity rather than as a chore to be completed as quickly as possible

  6. Internal Communication During the Budgeting Process : -A case study of developing a model for factors affecting internal communications during the budgeting process

    OpenAIRE

    Kamali, Mikael; Chen, Xiaohang

    2014-01-01

    The budget is used in many organizations to estimate and control costs. The budgeting process requires extensive knowledge and information exchange between the budget setters in the organization. It is therefore critical for budget setters, often finance and line managers, to communicate and exchange knowledge to reach a budget for the upcoming period.   The aim of this thesis is to highlight both budgeting and internal communication findings from past research, and develop a model for how in...

  7. Nomination Commitee Attributes and Firm Performance: Evidence from Finance Companies in Malaysia

    OpenAIRE

    KALLAMU, Basiru Salisu

    2016-01-01

    Abstract. The paper examines the impact of nomination committee attributes on the performance of finance companies in Malaysia. Our panel data is composed of annual data for finance companies listed on the main market of Bursa Malaysia over the period 2004 to 2011. The result indicates that finance expertise of directors’ on nomination committee influences accounting returns positively while membership of executive on nomination committee affects accounting returns negatively. This indicates ...

  8. System Budgets

    DEFF Research Database (Denmark)

    Jeppesen, Palle

    1996-01-01

    The lecture note is aimed at introducing system budgets for optical communication systems. It treats optical fiber communication systems (six generations), system design, bandwidth effects, other system impairments and optical amplifiers.......The lecture note is aimed at introducing system budgets for optical communication systems. It treats optical fiber communication systems (six generations), system design, bandwidth effects, other system impairments and optical amplifiers....

  9. Participatory Budgeting

    OpenAIRE

    Innovation for Development and South-South Cooperation, IDEASS

    2007-01-01

    This book provides an overview of the principles underlying participatory budgeting. It analyzes the merits and demerits of participatory budgeting practices around the world with a view to guiding policy makers and practitioners on improving such practices in the interest of inclusive governance. This publication includes five regional surveys, and seven country case studies can be found ...

  10. Introducing accountable budgeting: lessons from a decade of performance-based budgeting in the Netherlands

    OpenAIRE

    Maarten de Jong; Iris van Beek; Rense Posthumus

    2012-01-01

    This article assesses the experience of the Netherlands with performance budgeting since full programme and performance budgeting was introduced in 1999-2002. The lessons learned so far resulted in 2012 in a reform called “Accountable Budgeting” involving a major overhaul of the performance budgeting structure in order to enable more detailed parliamentary oversight as well as to enhance internal control by the Ministry of Finance and line ministries. The article examines international experi...

  11. Standing Concertation Committee - Ordinary meeting on 25 June 2008

    CERN Multimedia

    HR Department

    2008-01-01

    The main items discussed at the meetings of the Standing Concertation Committee on 25 June 2008 included: Mutual Aid Fund The committee took note of the annual report for 2007 by the chairman of the Mutual Aid Fund and approved contributions to the Fund’s 2008 budget from the Management and the Staff Association. Results of 2008 MARS exercise and LHC achievement awards The committee took note of the Head of HR Department’s presentation of the results of the 2008 MARS exercise and the distribution of LHC achievement awards. It was noted that these awards would be granted with effect from 1 October 2008 (see Bulletin 18&19). The results show agreement with the 2008 MARS guidelines (see Bulletin 10&11) for the advancement ceilings per career path, the number of awards for extraordinary service, as well as the distribution of steps for the recognition of merit as shown in the SCC of 27 February (see Bulletin 14&15). Follow-up of Finance Committee and Council...

  12. Identifying best practices for audit committees.

    Science.gov (United States)

    Burke, J V; Luecke, R W; Meeting, D

    1996-06-01

    Most healthcare organizations have an audit committee of the governing board, or a finance committee, that fulfills the audit oversight function. Financial managers play a key role in shaping the content, agency, and operation of the audit committee. The findings of a recent research study conducted by Arthur Anderson & Co., SC, into the best practices of audit committees have implications for healthcare organizations. PMID:10158244

  13. TREASURY EXECUTION OF LOCAL SPENDING BUDGETS: PROBLEMS AND SOLUTIONS

    OpenAIRE

    Dema, Dmitry; Feshchenko, Natalya

    2014-01-01

    The theoretical and practical aspects of using a treasury management system for servicing of local budgets are considered; the role of treasury bodies in routine management of local finances is defined. Current problems of treasury-based execution of local spending budgets are investigated and main deregulating factors affecting the procedure of cash execution of budgets are arranged in a system.Ways to improve budget funds management at the local level are proposed including: improvement of ...

  14. Financing Unemployment Benefits : Dismissal versus Employment Taxes

    OpenAIRE

    Florian Baumann; Nikolai Stähler

    2005-01-01

    This paper investigates the effects of using dismissal taxes to finance unemployment benefits. We compare dismissal and employment taxes in a model with search frictions. Employment taxes give rise to externalities because firms do not take into account the effects their dismissal decisions have on others. By introducing dismissal taxes to finance unemployment insurance, these externalities can partly be internalized. Taking into account the budget of the unemployment insurance, employment ta...

  15. Financing Innovation

    OpenAIRE

    Yoo, JaeHoon

    2007-01-01

    More than 24 countries operate separate boards and exchanges aimed at small and medium-size enterprises (SMEs). Equity markets play a critical role in fostering economic productivity by financing innovation. But only a few SME exchanges function properly, providing coveted fresh capital and liquidity. What steps are key to building an efficient exchange to provide risk capital for SMEs? Cr...

  16. Sustainable finance

    NARCIS (Netherlands)

    Boersma-de Jong, Margreet F.

    2012-01-01

    Presentation for Springschool of Strategy, University of Groningen, 10 October 2012. The role of CSR is to stimulate ethical behaviour, and as a result, mutual trust in society. Advantage of CSR for the company and the evolution of CSR. From CSR to Sustainable Finance: how does CSR influence Sustai

  17. Computational Finance

    DEFF Research Database (Denmark)

    Rasmussen, Lykke

    One of the major challenges in todays post-crisis finance environment is calculating the sensitivities of complex products for hedging and risk management. Historically, these derivatives have been determined using bump-and-revalue, but due to the increasing magnitude of these computations does...

  18. Finance versus democracy? Theorizing finance in society

    OpenAIRE

    Sylvia Walby

    2013-01-01

    What should be the place of finance in social theory? What is the relationship between finance and democracy? The article identifies four major frameworks that analyse finance: orthodox, drawing on Adam Smith; political economy, drawing on Marx; heterodox, drawing on Keynes and Minsky; and societal, drawing on Polanyi. These frameworks are critically analysed along five dimensions: the conceptualization of finance; the relations between finance and the economy; the relations between finance a...

  19. Private Power Financing : From Project Finance to Corporate Finance

    OpenAIRE

    Karl G. Jechoutek; Lamech, Ranjit

    1995-01-01

    Project financing of independent power producers (IPPs) may seem the only solution to the intractable problem of getting private credit to the power sector. In the developing world, however, the public-private partnership in project-financed IPP ventures has been slow to produce results. To achieve substantive progress in IPP financing, limited recourse project financing will have to evolv...

  20. Open Budget

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    Government initiatives to publicize budgetary information allow for greater public supervision In an unprecedented move,four ministries under the Central Government recently posted their 2010 budgets on their official websites.

  1. Soft Budgets And Highway Franchising

    OpenAIRE

    Eduardo Engel; Ronald Fischer; Alexander Galetovic

    2004-01-01

    Latin American governments progressively substituted build–operate–and–transfer (BOT) contracts for government–provided highways during the nineties. Because under BOT a private franchise holder finances and operates the road in exchange for tolls, it is often claimed that BOT represents a privatization of highways. We argue that, as currently applied, the BOT model is an imperfect and incomplete privatization, because the franchise holders’ budget constraint has been soft, with losses being ...

  2. FINANCE MANAGEMENT OF UN-AIDED PRIVATE SCHOOLS

    OpenAIRE

    Pradhan, N.; Tomba Singh Thokchom

    2014-01-01

    This paper is focused on finance management of un-aided private schools of Manipur. The objectives of study are process of budgeting, problems of during and after budgeting, sources and problems of sources of finance, and possible ways to overcome these problems. Survey method is adopted in this study. The population of the study is constituted of 193 un-aided private schools of Manipur. Fifteen schools have selected by using random sampling technique for the study. The data were collected by...

  3. Household Finance

    OpenAIRE

    Campbell, John

    2006-01-01

    The welfare benefits of financial markets depend in large part on how effectively households use these markets. The study of household finance is challenging because household behavior is difficult to measure accurately, and because households face constraints that are not captured by textbook models, including fixed costs, uninsurable income risk, borrowing constraints, and contracts that are non-neutral with respect to inflation. Evidence on participation, diversification, and the exercise ...

  4. Sustainable finance

    OpenAIRE

    Boersma-de Jong, Margreet F.

    2012-01-01

    Presentation for Springschool of Strategy, University of Groningen, 10 October 2012. The role of CSR is to stimulate ethical behaviour, and as a result, mutual trust in society. Advantage of CSR for the company and the evolution of CSR. From CSR to Sustainable Finance: how does CSR influence Sustainable Business Administration & Management Accounting, Financial Leadership and what is the importance of CSR in the financial sector

  5. BEYOND BUDGETING

    Directory of Open Access Journals (Sweden)

    Edo Cvrkalj

    2015-12-01

    Full Text Available Traditional budgeting principles, with strictly defined business goals, have been, since 1998, slowly growing into more sophisticated and organization-adjusted alternative budgeting concepts. One of those alternative concepts is the “Beyond budgeting” model with an implemented performance effects measuring process. In order for the model to be practicable, budget planning and control has to be reoriented to the “bottom up” planning and control approach. In today’s modern business surroundings one has to take both present and future opportunities and threats into consideration, by valorizing them in a budget which would allow a company to realize a whole pallet of advantages over the traditional budgeting principles which are presented later in the article. It is essential to emphasize the importance of successfully implementing the new budgeting principles within an organization. If the implementation has been lacking and done without a higher goal in mind, it is easily possible that the process has been implemented without coordination, planning and control framework within the organization itself. Further in the article we present an overview of managerial techniques and instruments within the “Beyond budgeting” model such as balanced scorecard, rolling forecast, dashboard, KPI and other supporting instruments. Lastly we define seven steps for implementing the “Beyond budgeting” model and offer a comparison of “Beyond budgeting” model against traditional budgeting principles which lists twelve reasons why “Beyond budgeting” is better suited to modern and market-oriented organizations. Each company faces those challenges in their own characteristic way but implementing new dynamic planning models will soon become essential for surviving in the market.

  6. Scientific and theoretical principles of personnel costs’ budgeting

    Directory of Open Access Journals (Sweden)

    O.P. Gutsal

    2015-06-01

    Full Text Available The object of this article is to determine the main purpose of company’s budgeting, to study its functions in terms of personnel management, to identify the main advantages and disadvantages of budgeting and to determine the stages of realization budgeting in the company. There have been considered the purpose and aim of budgeting. The main functions of budgeting, which include such ones as: planning, forecasting, information and analysis function, motivational, coordinative, control and involvement function have been identified (determined. In terms of defined functions of budgeting their essence in budgeting personnel costs has been outlined. The main advantages and disadvantages of budgeting have been found. There has been determined the implementing and realization company’s budgeting. The process of budgeting is realized according to the following consecutive stages: preparatory and analytical stage; definition of budget constraints; drafting up the budget; discussion and adjustment of budget indicators; adoption of budget; analysis and control of the budget. There also has been considered budget organization structure which includes budget committee, budget planning and analysis department, financial responsibility center.

  7. Performance Budgeting in the Netherlands: Beyond Arithmetic

    OpenAIRE

    Nispen tot Pannerden, Frans; Posseth, Johan

    2006-01-01

    textabstractPerformance-based budgeting seems to be a promising tool for improving the management and accountability of public finances. However, its application causes many difficulties. This article briefly reviews international experience with performance-based budgeting and explores its application in the Netherlands since the late 1990s, including a case study of the Safety Programme. The focus is on transparency and the quality of the performance information. Compared to the former inpu...

  8. Mali - Economic Policy and Public Finance Management Credit

    OpenAIRE

    Mastri, Lawrence

    2008-01-01

    The Economic Policy and Public Finance Management Credit (EPPFMC) was part of the Country Assistance Strategies (CAS) base case lending scenario of budget support operations. The thematic coverage of the EPPFMC focused on policy and institutional issues in macro, public finance, and selected sector areas. It complemented self-standing sector investment operations covering health, education...

  9. National health financing policy in Eritrea: a survey of preliminary considerations

    Directory of Open Access Journals (Sweden)

    Kirigia Joses

    2012-08-01

    Full Text Available Abstract Background The 58th World Health Assembly and 56th WHO Regional Committee for Africa adopted resolutions urging Member States to ensure that health financing systems included a method for prepayment to foster financial risk sharing among the population and avoid catastrophic health-care expenditure. The Regional Committee asked countries to strengthen or develop comprehensive health financing policies. This paper presents the findings of a survey conducted among senior staff of selected Eritrean ministries and agencies to elicit views on some of the elements likely to be part of a national health financing policy. Methods This is a descriptive study. A questionnaire was prepared and sent to 19 senior staff (Directors in the Ministry of Health, Labour Department, Civil Service Administration, Eritrean Confederation of Workers, National Insurance Corporation of Eritrea and Ministry of Local Government. The respondents were selected by the Ministry of Health as key informants. Results The key findings were as follows: the response rate was 84.2% (16/19; 37.5% (6/16 and 18.8% said that the vision of Eritrean National Health Financing Policy (NHFP should include the phrases ‘equitable and accessible quality health services’ and ‘improve efficiency or reduce waste’ respectively; over 68% indicated that NHFP should include securing adequate funding, ensuring efficiency, ensuring equitable financial access, protection from financial catastrophe, and ensuring provider payment mechanisms create positive incentives to service providers; over 80% mentioned community participation, efficiency, transparency, country ownership, equity in access, and evidence-based decision making as core values of NHFP; over 62.5% confirmed that NHFP components should consist of stewardship (oversight, revenue collection, revenue pooling and risk management, resource allocation and purchasing of health services, health economics research, and development of

  10. Finance and supply management project execution plan

    Energy Technology Data Exchange (ETDEWEB)

    BENNION, S.I.

    1999-02-10

    As a subproject of the HANDI 2000 project, the Finance and Supply Management system is intended to serve FDH and Project Hanford major subcontractor with financial processes including general ledger, project costing, budgeting, and accounts payable, and supply management process including purchasing, inventory and contracts management. Currently these functions are performed with numerous legacy information systems and suboptimized processes.

  11. Problems of the Financing of Russian Science

    Science.gov (United States)

    Mindeli, L.; Chernykh, S.

    2010-01-01

    One of the most important factors that determine the state of science potential and, in the long run, the successful results of scientific and technical activity, is its financing. All developed countries conduct an incentive policy to encourage their national science, including systematic support from state budgets for scientific research and…

  12. School Finance and the Conditions of Schools.

    Science.gov (United States)

    Ornstein, Allan C.

    1994-01-01

    Problems relating to school environment and building concerns eat up school budgets and negatively influence the overall fiscal condition of school districts. The article examines three issues impacting on school finance for the 1990s: environmental hazards (asbestos, radon, lead, electromagnetic fields, and air quality), school infrastructure…

  13. Feride Daku named director of finance and administration for Office of the Vice President and Dean for Undergraduate Education

    OpenAIRE

    Owczarski, Mark

    2010-01-01

    Feride Daku of Blacksburg, budget manager in the Office of Budget and Financial Planning at Virginia Tech, has been named the university's director of finance and administration for the Office of the Vice President and Dean for Undergraduate Education.

  14. Advancing the Rights of Children, Women and Poor Families through Better Public Finance Policies

    OpenAIRE

    Division of Policy and Practice,UNICEF

    2010-01-01

    Social budgeting can be defined as a process by which society's goals and priorities, as well as the rights of all of the population, are better reflected in public policymaking, notably in the government budget. This paper provides a review of the background literature on social budgeting, introduces the reader to the different stages of budgeting and public finance management, and presents selected examples of social budgeting initiatives, that together form as a resource guide for undertak...

  15. 75 FR 54882 - Submission of information collection for approval From the Office of Management and Budget

    Science.gov (United States)

    2010-09-09

    ... of Management and Budget. SUMMARY: The Federal Housing Finance Agency (FHFA) has submitted the... From the Federal Register Online via the Government Publishing Office FEDERAL HOUSING FINANCE AGENCY Submission of information collection for approval From the Office of Management and Budget...

  16. Local Budgeting

    OpenAIRE

    Shah, Anwar

    2007-01-01

    This publication, Local Budgeting, provides a comprehensive guide for local administrators who are involved in designing and implementing budgetary institutions and who wish to improve efficiency and equity in service delivery and to strengthen internal and external accountability. It details principles and practices to improve fiscal management. It reviews techniques available in developi...

  17. Maintenance Budgeting.

    Science.gov (United States)

    Smith, J. McCree

    Three methods for the preparation of maintenance budgets are discussed--(1) a traditional method, inconclusive and obsolete, based on gross square footage, (2) the formula approach method based on building classification (wood-frame, masonry-wood, masonry-concrete) with maintenance cost factors for each type plus custodial service rates by type of…

  18. Budgeting in Bulgaria

    OpenAIRE

    Ian Hawkesworth; Richard Emery; Joachim Wehner; Kristin Saenger

    2009-01-01

    Bulgaria’s budget management has seen a series of structural and procedural reforms, including in budget execution, treasury functions, internal audit, and programme and medium-term budgeting. This article discusses the use of modern budgeting techniques in Bulgaria such as top-down budgeting, multi-year budgeting perspectives and the use of performance information in the budget process, and makes recommendations for budget formulation, the role of Parliament, budget execution and management ...

  19. Clinch River: an alternate financing plan. Hearing before the Subcommittee on Energy Conservation and Power, House of Representatives, Ninety-Eighth Congress, first session, 20 Sep 1983

    International Nuclear Information System (INIS)

    Representatives of the Clinch River Breeder Reactor (CRBR) project, the nuclear industry, taxpayers, the financial community, and legislators testified at a hearing held to review administration plans for completing the CRBR by attaching its financing to a continuing resolution and avoiding the legislative process. A Congressional Budget Office report noted that the administration's financing proposal will generate up to 37% return on investment from tax relief alone, which is more appropriate for high-risk than government-backed investment. The Congressional Research Service challenged that the plant's power production capacity was overstated and its price overvalued. Of concern to the committee was the fairness of asking taxpayers to share in the $2.5 billion needed to complete the project. Additional material submitted for the record follows the testimony of 20 witnesses

  20. A DRAWBACK IN TURKISH BUDGET CLASSIFICATION: WHERE HAVE PUBLIC INVESTMENTS GONE?

    OpenAIRE

    AKBEY, Ferhat

    2015-01-01

    In 2006, Turkish fiscal structure has changed its budgeting and budget classification system from a program based and accordingly classified hybrid one (between Program Budgeting and Planning-Programming-Budgeting systems) to a strategically planned, performance based and analytically classified multi-year budgeting system that was structured in line with European System of Accounts (ESA) and Government Finance Statistics (GFS) which have been shaped by neoliberal praxis. What’s wrong with th...

  1. Managing Journals by Committee

    OpenAIRE

    Starbuck, Edith M.; Purtee, Sharon A.; Kishman, Charles P.; Burgess, Kristen L.; Schick, Leslie C.

    2014-01-01

    What do you do when your serials librarian retires and there is no option to hire a replacement? You form a committee. When the University of Cincinnati (UC) Health Sciences serials librarian retired in early 2010, budget cuts required that the position be eliminated from the personnel lines. While other aspects of her position could be redistributed, rather than reassign another librarian to manage the collection development tasks, the library director decided to pool the responsibilities fo...

  2. Fiscal decentralisation and gender responsive budgeting in Mexico: Some observations.

    OpenAIRE

    Chakraborty, Lekha S

    2006-01-01

    This paper analyses the scope and limitations of gender responsive budgeting in Mexico within the overall framework of fiscal decentralisation. However, decentralised gender responsive budgeting can be meaningful only when the local governments have significant assignment of functions and finance. Therefore, although the focus of the paper is gender responsiveness in decentralised budgetary policies, the initiatives to incorporate gender concerns in federal budgets are also analysed to captur...

  3. Public utility economics and finance

    Energy Technology Data Exchange (ETDEWEB)

    Howe, K.M.; Rasmussen, E.F.

    1982-01-01

    Students will find this presentation of the economic and institutional arrangements that surround the area of public utilities helpful in understanding current regulations and possibly suggesting solutions for future problems. The eight sections of the text cover: (1) an introduction to the nature and types of services provided by public utilities; (2) economic characteristics; (3) legal concepts; (4) traditional issues in regulation; (5) independent regulatory commissions; (6) a critique of public-utility regulation; (7) pricing and the regulation of consumer demand; and (8) capital budgeting and finance. 490 references, 37 figures, 38 tables. (DCK)

  4. 75 FR 3210 - Renewal of Department of Defense Federal Advisory Committee; Defense Business Board

    Science.gov (United States)

    2010-01-20

    ... executive management, corporate governance, audit and finance, human resources and compensation, economics... committee established to examine and advise on overall management and governance of the Department...

  5. An analysis of equity in Brazilian health system financing.

    Science.gov (United States)

    Ugá, Maria Alicia Domínguez; Santos, Isabela Soares

    2007-01-01

    Health care in Brazil is financed from many sources--taxes on income, real property, sales of goods and services, and financial transactions; private insurance purchased by households and firms; and out-of-pocket payments by households. Data on household budgets and tax revenues allow the burden of each source except firms' insurance purchases for their employees to be allocated across deciles of adjusted per capita household income, indicating the progressivity or regressivity of each kind of payment. Overall, financing is approximately neutral, with progressive public finance offsetting regressive payments. This last form of finance pushes some households into poverty. PMID:17630445

  6. Veřejné finance a finační trhy

    OpenAIRE

    Kahoun, Jakub

    2010-01-01

    Bachelor thesis deals with public finance and financial markets. Author analyzes the basic terms of the solved problems in the theoretical part: public finance, public budgets, public revenues, public expenditures, public debt, financial markets and their relations. The analytical part is trying to find an answer to the question, what tools the state have to finance the national debt and how to finance it from the government bond yield.

  7. Impact of the Revised Malaysian Code on Corporate Governance on Audit Committee Attributes and Firm Performance

    OpenAIRE

    KALLAMU, Basiru Salisu

    2016-01-01

    Abstract. Using a sample of 37 finance companies listed under the finance segment of Bursa Malaysia, we examined the impact of the revision to Malaysian code on corporate governance on audit committee attributes and firm performance. Our result suggests that audit committee attributes significantly improved after the Code was revised. In addition, the coefficient for audit committee and risk committee interlock has a significant negative relationship with Tobin’s Q in the period before the re...

  8. Public Education Finances: 2010

    Science.gov (United States)

    Dixon, Mark

    2012-01-01

    The U.S. Census Bureau conducts a Census of Government Finances and an Annual Survey of Government Finances as authorized by law under Title 13, U.S. Code, Sections 161 and 182. The Census of Government Finances has been conducted every 5 years since 1957, while the Annual Survey of Government Finances has been conducted annually since 1977 in…

  9. Public Education Finances, 2009

    Science.gov (United States)

    US Census Bureau, 2011

    2011-01-01

    The U.S. Census Bureau conducts a Census of Government Finances and an Annual Survey of Government Finances as authorized by law under Title 13, U.S. Code, Sections 161 and 182. The Census of Government Finances has been conducted every 5 years since 1957, while the Annual Survey of Government Finances has been conducted annually since 1977 in…

  10. 76 FR 44017 - Risk Communication Advisory Committee; Notice of Meeting

    Science.gov (United States)

    2011-07-22

    ... HUMAN SERVICES Food and Drug Administration Risk Communication Advisory Committee; Notice of Meeting... the public. Name of Committee: Risk Communication Advisory Committee. General Function of the... Person: Lee L. Zwanziger, Office of Policy, Planning and Budget, Food and Drug Administration, 10903...

  11. "Money in Finance"

    OpenAIRE

    Wray, L. Randall

    2011-01-01

    This paper begins by defining, and distinguishing between, money and finance, and addresses alternative ways of financing spending. We next examine the role played by financial institutions (e.g., banks) in the provision of finance. The role of government as both regulator of private institutions and provider of finance is also discussed, and related topics such as liquidity and saving are explored. We conclude with a look at some of the new innovations in finance, and at the global financial...

  12. Information technology financing options.

    Science.gov (United States)

    Rai, D

    1996-01-01

    Healthcare executives facing the challenges of delivering quality care and controlling costs must consider the role information technology systems can play in meeting those challenges. To make the best use of information system expenditures, organizations must carefully plan how to finance system acquisitions. Some options that should be considered are paying cash, financing, financing "soft" costs, leasing, credit warehousing and early acceptance financing, and tax-exempt and conduit financing. PMID:10154097

  13. Net Operating Working Capital, Capital Budgeting, and Cash Budgets: A Teaching Example

    Science.gov (United States)

    Tuner, James A.

    2016-01-01

    Many introductory finance texts present information on the capital budgeting process, including estimation of project cash flows. Typically, estimation of project cash flows begins with a calculation of net income. Getting from net income to cash flows requires accounting for non-cash items such as depreciation. Also important is the effect of…

  14. Inflation tax and deficit financing in Egypt

    OpenAIRE

    Hinh T. Dinh; Giugale, Marcelo

    1991-01-01

    Although Egypt's budget deficit is far above the level found in other low-middle-income countries, the inflation rate in Egypt has never been very high. This is because the country has managed to finance these budget deficits by resorting to an inflation tax that, at 11 percent of GDP in 1987, constitutes a large share of total tax revenues. By contrast, conventional tax revenues come to only 17 percent of GDP. The authors report a large, underlying inflation-tax base - from which the Egyptia...

  15. Budgeting in Thailand

    OpenAIRE

    Jón R. Blöndal; Sang-In Kim

    2005-01-01

    Thailand has a sophisticated budget formulation process which has delivered solid fiscal results over time. This article discusses aspects of the budget process, including strategic performance budgeting, central development planning, the steps in the budget preparation timetable, and the roles of the spending ministries, the Bureau of the Budget and the Central Fund.

  16. The challenge of financing nuclear power plants

    International Nuclear Information System (INIS)

    To date, more then 500 nuclear power reactors have been successfully financed and built. Experience in recent nuclear projects confirms that nuclear power will not cease to be a viable option due to a worldwide financing constraint. For financing nuclear plants there are special considerations: large investment; long lead and construction times; complex technology; regulatory risk and political risk. The principal preconditions to financing are a national policy supporting nuclear power; creditworthiness; economic competitiveness; project feasibility; assurance of adequate revenues; acceptability of risks; and no open-ended liabilities. Generally, nuclear power plants are financed conventionally through multi-sources, where a package covers the entire cost. The first source, the investor/owner/operator responsible for building and operating the plant, should cover a sizable portion of the overall investment. In addition, bond issues, domestic bank credits etc. and, in case of State-owned or controlled enterprises, donations and credits from public entities or the governmental budget, should complete the financing. A financially sound utility should be able to meet this challenge. For importing technology, bids are invited. Export credits should form the basis of foreign financing, because these have favorable terms and conditions. Suppliers from several countries may join in a consortium subdividing the scope of supply and involve several Export Credit Agencies (ECAs). There are also innovative financing approaches that could be applied to nuclear projects. Evolutionary Reactors with smaller overall investment, shorter construction times, reliance on proven technology, together with predictable regulatory regimes and reliable long-term national policies favorable to nuclear power, should make it easier to meet the future challenges of financing. (author)

  17. Budgeting for School Media Centers.

    Science.gov (United States)

    Drott, M. Carl

    1978-01-01

    Describes various forms of budgets and discusses concepts in budgeting useful to supervisors of school media centers: line item budgets, capital budgets, creating budgets, the budget calendar, innovations, PPBS (Planning, Programing, Budgeting System), zero-based budgeting, cost-benefit analysis, benefits, benefit guidelines, and budgeting for the…

  18. Global change research budget frozen

    Science.gov (United States)

    For FY 1996, the interagency budget request for the U.S. Global Change Research Program (USGCRP) totals $2.156 billion, or a 1.8% ($39 million) increase over FY 1995. President Clinton has broadened the scope of the program to include another $358 million in reprogrammed activities in keeping with a push by the National Science and Technology Council's Committee on Environment and Natural Resources Research (CENR) to more closely link costs and objectives. In essence, the increase for what could be considered the “traditional” global change budget would be only 1.4%, or $24 million over the FY 1995 appropriation. USGCRP now embraces the Department of Energy (DoE) research on environmental technologies, NASA launch vehicle charges, and additional Mission to Planet Earth (MTPE) research for environmental issues other than global change.

  19. The OSSA budget: Another view

    Science.gov (United States)

    Lanzerotti, L. J.

    The recent letter by L. H. Meredith commenting on the proposed fiscal year (FY) 1989 budget for the National Aeronautics and Space Administration (NASA) Office of Space Science and Applications (OSSA) fails to recognize the public procedures and planning processes that were involved in the determination of the budget. The letter also ignores the long-range planning that OSSA has been pursuing in very close consultation with the scientific community in order to achieve, insofar as possible, a rationalization of the budget and programmatic decision-making process. This planning, which addresses well the issues Meredith seems concerned about, does not absolutely guarantee budgetary success for the long term. However, without the planning, any success will be nearly impossible to achieve. I strongly suggest that Meredith (and any other interested member of AGU) obtain and read carefully copies of the minutes of the last two or three meetings of the OSSA Space and Earth Science Advisory Committee (SESAC) and a copy of the initial OSSA Strategic Plan. These minutes document a portion of the dialog between NASA and the science community which was instrumental in formulating this year's budget and the plans for following years.

  20. Issues Before the Thirteenth Finance Commission

    OpenAIRE

    M Govinda Rao; Sen, Tapas Kumar; Pratap R Jena

    2008-01-01

    The Thirteenth Finance Commission faces challenging times. Despite improvement, the fiscal situation continues to be a matter of concern when off budget liabilities and other fiscal risks are considered. In the changing situation of increasing oil prices on the one hand and surge in capital flows on the other, calibrating the transfer system in tune with counter-cyclical fiscal policy stance is a formidable challenge. The paper argues that irrespective of the wording of the Terms of Reference...

  1. Financing the American Consumer: A Business Report on Consumer Credit. Part II--Committee Reports. Report of the Sub-Council on Credit and Related Terms of Sale of the National Business Council for Consumer Affairs.

    Science.gov (United States)

    National Business Council for Consumer Affairs, Washington, DC.

    A companion volume to Part I--Summary Report, this volume contains the reports of four committees. Topics are: (1) The Role and Functioning of Consumer Credit (consumer credit and social policy, consumer credit and economic growth, structure of the consumer credit market, the economics of consumer credit, credit revenues, credit costs, and a model…

  2. Automated Budget System

    Data.gov (United States)

    Department of Transportation — The Automated Budget System (ABS) automates management and planning of the Mike Monroney Aeronautical Center (MMAC) budget by providing enhanced capability to plan,...

  3. Private Finance Initiative and public debt

    OpenAIRE

    Martin Kellaway

    2008-01-01

    Clarifies the treatment in the National Accounts and describes some of the work taking place in this areaThe introduction of International Financial Reporting Standards (IFRS) in accounting for Private Finance Initiative (PFI) assets has led to media comment about the impact on the Government's debt measure and how this will affect PFI procurement in the future. The author of this article, who recently gave evidence to the Treasury Committee on this subject, sets the record straight and descr...

  4. Financing working capital

    OpenAIRE

    Vasile Popengă; Mirela Popescu

    2002-01-01

    The paper presents some particularities regarding the following aspects: what is working capital; shows alternative net working capital financing strategies, ranging from the most to least risky; also some sources of short-term finance

  5. Statistics for Finance

    DEFF Research Database (Denmark)

    Lindström, Erik; Madsen, Henrik; Nielsen, Jan Nygaard

    Statistics for Finance develops students’ professional skills in statistics with applications in finance. Developed from the authors’ courses at the Technical University of Denmark and Lund University, the text bridges the gap between classical, rigorous treatments of financial mathematics...

  6. Optimization of finances into regional energy

    Directory of Open Access Journals (Sweden)

    Alexey Yuryevich Domnikov

    2014-06-01

    Full Text Available The development of modern Russian energy collides with the need for major investments in the modernization and renewal of generation and transmission capacity. In terms of attracting sufficient financial resources and find ways to increase, energy sector profitability and investment attractiveness of particular importance is the problem of investment financing optimizing aimed at minimizing the cost of financing while maintaining financial stability of the power companies and the goals and objectives of Russian energy system long-term development. The article discusses the problem of investment projects financing in power generation from the point of view of the need to achieve optimal investment budget. Presents the author’s approach to the investment financing optimization of power generation company that will achieve the minimum cost of resources involved, taking into account the impact of the funding structure for the power generating company financial sustainability. The developed model is applied to the problem of investment budget optimizing, for example, regional power generating company. The results can improve the efficiency of investment in energy, sustainable and competitive development of regional energy systems.

  7. Islamic finance in Europe

    OpenAIRE

    2013-01-01

    Islamic finance is based on ethical principles in line with Islamic religious law. Despite its low share of the global financial market, Islamic finance has been one of this sector’s fastest growing components over the last decades and has gained further momentum in the wake of the financial crisis. The paper examines the development of and possible prospects for Islamic finance, with a special focus on Europe. It compares Islamic and conventional finance, particularly as concerns risks assoc...

  8. Does Finance Benefit Society?

    OpenAIRE

    Luigi Zingales

    2015-01-01

    Academics' view of the benefits of finance vastly exceeds societal perception. This dissonance is at least partly explained by an under-appreciation by academia of how, without proper rules, finance can easily degenerate into a rent-seeking activity. I outline what finance academics can do, from a research point of view and from an educational point of view, to promote good finance and minimize the bad.

  9. Caring finance practices

    OpenAIRE

    Staveren, Irene

    2013-01-01

    textabstractThe 2008 financial crisis has demonstrated the failure of both utilitarian and deontological ethics in finance. Alternatives do not need to be created from nothing, because the crisis itself has stimulated the emergence of ethically sound finance practices from within the sector. This article presents two cases of such alternatives, which can be understood as caring finance. Caring finance is built around more personal relationships, responsibility, and risk reduction. The example...

  10. Financing petroleum agreements

    International Nuclear Information System (INIS)

    This chapter describes the typical type of financing agreements which are currently used to finance North Sea petroleum projects whether they are in the cause of development or have been developed and are producing. It deals with the agreements which are entered into to finance borrowings for petroleum projects on a non-resource or limited resource basis. (UK)

  11. Guinea School Finance

    OpenAIRE

    World Bank Group

    2013-01-01

    Systems approach for better education results (SABER) school finance collects, analyzes, synthesizes, and disseminates comprehensive information on school finance policies in primary and secondary education across a range of different education systems. The goal is to enable policymakers to learn about how other countries address the same policy challenges related to school finance and thu...

  12. The Sustanability of Public Finance in New Members States of European Union

    Directory of Open Access Journals (Sweden)

    Adrian INCEU

    2011-10-01

    Full Text Available The issue of public finance sustainability is very important for all EU member states in the actual context after the economic crisis. This article makes an analysis of the sustainability of public finances for the new member states (which joined EU in 2004 and 2007. Firstly, we try to analyze the impact of the economic crisis on public finances sustainability. The sustainability of public finances can be reflected through the level of public debt and budget deficit for a country. For this reason the article presents the evolution of budget deficits for NMS 12 before and after the recent economic crisis. Based on the econometric regression the correlation between economic growth rate (indicator used for measuring the economic evolution and the budget deficit is revealed. Results for Romania and NMS 12 are quite similar; fact that tells us that the status of public finances is following the same trend in Romania as in the NMS 12.

  13. Mezzanine finance and corporate bonds

    OpenAIRE

    Libena TETREVOVA

    2009-01-01

    The article deals with the problems of mezzanine finance in relation to corporate bonds. Firstly, attention is paid to definition of mezzanine finance. The term mezzanine finance is used as a term for hybrid forms of financing that combine elements of debt and equity financing. Mezzanine finance represents an alternative form of financing corporate activities. Secondly, possible forms of mezzanine finance are characterized. We can say that special types of corporate bonds (convertible bonds a...

  14. Corporate Restructuring and the Budget Deficit Debate

    OpenAIRE

    Martin H Wolfson

    1993-01-01

    This paper examines the assumptions underlying the view that large federal budget deficits crowd out private investment and create a twin trade deficit. These assumptions are contrasted with those of an alternative theory which emphasizes the importance of the institutional structures of the financial system in the context of the credit market. In particular, the paper argues that corporations were not crowded out of credit markets; indeed, they borrowed heavily to finance corporate restructu...

  15. Variety Enterprises Corporation: Capital Budgeting Decision

    OpenAIRE

    Ilhan Meric,; Kathleen Dunne; Sherry F. Li; Gulser Meric

    2010-01-01

    The capital budgeting decision is one of the most important financial decisions in business firms. In this case, Variety Enterprises Corporation (VEC) is considering whether to invest in a new production system. To determine if the project is profitable, VEC must first determine the weighted average cost of capital to finance the project. The simple payback period, discounted payback period, net present value (NPV), internal rate of return (IRR), and modified internal rate of return (MIRR) te...

  16. CAPM-based capital budgeting and nonadditivity

    OpenAIRE

    Magni, Carlo Alberto

    2006-01-01

    This paper deals with the CAPM-derived capital budgeting criterion, and in particular with Rubinstein’s (1973) criterion, according to which a project is profitable if the project rate of return is greater than the risk-adjusted cost of capital, where the latter depends on the project’s disequilibrium systematic risk. It is shown that the disequilibrium net present value implied by this criterion, widely used in corporate finance, is nonadditive. Four proofs are provided: (i) a counterexample...

  17. Budgeting and Budgetary Institutions

    OpenAIRE

    Shah, Anwar

    2007-01-01

    Budgetary institutions have historically played a critical role in a gradual movement toward responsive, responsible, and accountable public governance in industrial countries. This paper includes the following headings: overview; a primer on budgeting and budgetary institutions; the budget and its coverage; capital budgets -- theory and practice; budget methods and practices; a primer on ...

  18. Connecting Evaluation and Budgeting

    OpenAIRE

    Robinson, Marc

    2014-01-01

    This paper discusses how evaluation is an essential tool for good budgeting and a core element of any well-designed government wide performance budgeting system. It is organized into 5 sections: (1) Evaluation and performance budgeting- the principle outlines the role which evaluation should, in principle, play in supporting good budgeting. It identifies the key ways performance informatio...

  19. Global Stock-Take of Social Accountability Initiatives for Budget Transparency and Monitoring : Key Challenges and Lessons Learned

    OpenAIRE

    World Bank

    2013-01-01

    Budgets are key documents that lay out a government's economic priorities in terms of policies and programs. Budget transparency refers to the extent and ease with which citizens can access information about and provide feedback on government revenues, allocations, and expenditures. Budget monitoring entails using such information to analyze, critique, and track government finances in orde...

  20. STANDING CONCERTATION COMMITTEE

    CERN Multimedia

    2003-01-01

    ORDINARY MEETING ON 29 SEPTEMBER 2003 Original: English This meeting was devoted to the main topics summarised below. 1 Follow-up from the meetings of TREF and the Finance Committee in September 2003 The last meeting of TREF had been devoted to presentations and clarifications on the 5-Yearly Review process. The content and planning of the 2005 Review are matters for the next Management, which will be presented to TREF next year. Underlining that due account has to be taken of the limited resources available to conduct such an exercise, the Staff Association stated that it looks forward to the concertation process at the SCC in preparing the next 5-Yearly Review to define an optimum set of topics in order to ensure that CERN can attract, retain and motivate the personnel that it needs to remain a centre of excellence. The Chairman of the SCC recalled that an information document on the Cost-Variation Index for 2004 had been transmitted to the Finance Committee last September and that complete information o...

  1. Innovations in Financing Environmental and Social Sustainability. Literature Overview

    Energy Technology Data Exchange (ETDEWEB)

    Kerste, M.; Weda, J.; Rosenboom, N.

    2010-12-15

    Innovative finance instruments can help increase funding of investments aimed at environmental and social sustainability.This report highlights leading literature and empirical findings on innovations in financing environmental and social sustainability. Many of these instruments have not been implemented for long, as yet, or are even still in their design phase. Being a relatively young (academic) discipline, the report starts off with designing a framework to describe and assess innovative finance instruments. Thereafter, a sample of instruments is discussed based on this framework, respectively Green Bonds, Index-Linked Carbon Bonds, Payment for Environmental Services, Kiva, and Gender budgeting. This report is part of a set of SEO-reports on finance and sustainability. The other reports deal with: Financing the Transition to Sustainable Energy; Carbon Trading; and Sustainable investment.

  2. FY 1996 Congressional budget request: Budget highlights

    Energy Technology Data Exchange (ETDEWEB)

    1995-02-01

    The FY 1996 budget presentation is organized by the Department`s major business lines. An accompanying chart displays the request for new budget authority. The report compares the budget request for FY 1996 with the appropriated FY 1995 funding levels displayed on a comparable basis. The FY 1996 budget represents the first year of a five year plan in which the Department will reduce its spending by $15.8 billion in budget authority and by $14.1 billion in outlays. FY 1996 is a transition year as the Department embarks on its multiyear effort to do more with less. The Budget Highlights are presented by business line; however, the fifth business line, Economic Productivity, which is described in the Policy Overview section, cuts across multiple organizational missions, funding levels and activities and is therefore included in the discussion of the other four business lines.

  3. FEMP (Federal Energy Management Program) presents alternative financing guidance memoranda

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-06-01

    Utility financing of energy efficient measures becomes easier to accomplish with the two new alternative financing guidance memoranda, released April 17, 1998, that address the use of utility incentives for Federal facilities. The memoranda have been approved by the Alternative Financing Guidance Committee on the Interagency Energy Management Task Force. The memoranda include: (1) Policy Statement No. 001: Authority to Sole Source Utility Service Contracts as Referenced in Section 152 of the Energy Policy Act (EPACT) of 1992; and (2) Policy Statement No. 002: Congressional Notification for Utility Projects Under the Authority of Section 152 of the Energy Policy Act (EPACT) of 1992. The purpose for developing the financing memoranda was to address specific issues within current Federal procurement regulations that require clarification or guidance. This new guidance will allow for increased use of utility incentives as a means of financing energy efficient and life cycle cost-effective projects in Federal facilities.

  4. Top-down Budgeting as a Tool for Central Resource Management

    OpenAIRE

    John M. Kim; Chung-Keun Park

    2006-01-01

    Top-down budgeting emerged in the 1990s as a response to fiscal crisis. Previously, the traditional bottom-up approach to budget formulation had conferred centralised authority for resource allocation on the finance ministry. Then, in an attempt to control the growing fiscal deficits in the 1990s, the finance ministry only set the overall expenditure ceiling and subceilings, and delegated detailed resource allocation decisions to line ministries. However, the level of delegation and the metho...

  5. Stress Analysis in Managing the Region’s Budget Risks

    Directory of Open Access Journals (Sweden)

    Natalya Pavlovna Pazdnikova

    2014-09-01

    Full Text Available The article addresses the implementation of budget risk management methods into the practices of governmental authorities. Drawing on the example of a particular region the article aims to demonstrate the possible methods of budget risk management. The authors refine the existing approaches to the notion of risk in its relation to budget system by introducing the notion of “budget risk.” Here the focus is the risk of default of budget spending in full which causes underfunding of territories and decrease in quality of life in the region. The authors have particularized the classification of budget risks and grouped together the criteria and factors which significantly influence the assessment and choice of method to manage budget risks. They hypothesize that budget risk is a financial risk. Therefore, the methods of financial risks management can be applied to budget risks management. The authors suggest a methodological approach to risk assessment based on correlation and regression analysis of program financing. The application of Kendall rank correlation coefficient allowed to assess the efficiency of budget spending on the implementation of state programs in Perm Krai. Two clusters — “Nature management and infrastructure” and “Public security” — turned out to be in the zone of high budget risk. The method of stress analysis, which consists in calculating Value at Risk (VaR, was applied to budget risks that in terms of probability are classified as critical. In order to assess risk as probability rate, the amount of Perm Krai deficit budget was calculated as induced variable from budget revenues and spending. The results demonstrate that contemporary management of public resources in the regions calls for the implementation of new management tools of higher quality and budget risk management is one of them.

  6. 1985 nuclear budget requests up 12 %

    International Nuclear Information System (INIS)

    The estimates of government agencies for the fiscal 1985 nuclear-related budget were presented to the Ministry of Finance, which amount to 343.76 billion yen (up 12.1 %). The budgetary requests by the Science and Technology Agency are 179.24 billion yen in the general account and 90.21 billion yen in the special account for power resource development, and the budgetary requests by the Ministry of International Trade and Industry are 1.03 billion yen and 70.08 billion yen, respectively. The budget demands by the STA, which supervises Power Reactors and Nuclear Fuel Development Corporation, Japan Atomic Energy Research Institute, etc. are for the continuation of current projects, including the beginning of the construction of the prototype FBR Monju and the neutral beam injector for the fusion device JT-60. The budget demands by MITI are similarly for the safety measures and verification tests for nuclear power generation. (Mori, K.)

  7. 76 FR 26695 - Renewable Energy and Energy Efficiency Advisory Committee

    Science.gov (United States)

    2011-05-09

    ... International Trade Administration Renewable Energy and Energy Efficiency Advisory Committee AGENCY... Renewable Energy and Energy Efficiency Advisory Committee (RE&EEAC) will meet to hear briefings on the state of renewable energy finance and to discuss the development of recommendations on increasing...

  8. 77 FR 22390 - Debt Management Advisory Committee Meeting

    Science.gov (United States)

    2012-04-13

    ... final decisions on major financing operations. Historically, this advice has been offered by debt... Debt Management Advisory Committee Meeting Notice is hereby given, pursuant to 5 U.S.C. App. 2, 10(a)(2..., DC, on May 1, 2012 at 11:30 a.m. of the following debt management advisory committee:...

  9. 78 FR 62941 - Debt Management Advisory Committee Meeting

    Science.gov (United States)

    2013-10-22

    ... Debt Management Advisory Committee Meeting Notice is hereby given, pursuant to 5 U.S.C. App. 2, Sec. 10....,Washington, DC, on November 5, 2013 at 11:30 a.m. of the following debt management advisory committee... financial community prior to making its final decisions on major financing operations. Historically,...

  10. 77 FR 2133 - Debt Management Advisory Committee Meeting

    Science.gov (United States)

    2012-01-13

    ... Debt Management Advisory Committee Meeting Notice is hereby given, pursuant to 5 U.S.C. App. 2, Sec. 10....,Washington, DC, on January 31, 2012 at 11 a.m. of the following debt management advisory committee: Treasury... financial community prior to making its final decisions on major financing operations. Historically,...

  11. 76 FR 64992 - Debt Management Advisory Committee; Meeting

    Science.gov (United States)

    2011-10-19

    ... Debt Management Advisory Committee; Meeting Notice is hereby given, pursuant to 5 U.S.C. App. 2, Sec...., Washington, DC, on November 1, 2011 at 9:30 a.m. of the following debt management advisory committee... financial community prior to making its final decisions on major financing operations. Historically,...

  12. 77 FR 62312 - Debt Management Advisory Committee; Meeting

    Science.gov (United States)

    2012-10-12

    ... Debt Management Advisory Committee; Meeting Notice is hereby given, pursuant to 5 U.S.C. App. 2, 10(a....,Washington, DC, on October 30, 2012 at 11:30 a.m. of the following debt management advisory committee... community prior to making its final decisions on major financing operations. Historically, this advice...

  13. THE CONTROL OVER LOCAL PUBLIC FINANCES IN ROMANIA AND IN OTHER RELEVANT COUNTRIES OF EU

    OpenAIRE

    NICU MARCU; RALUCA ANTONEAC

    2015-01-01

    Local public finances are an essential component of public finances together with the public finances of the central state administration. Because, besides the right of local representative bodies to decide on issues of local interest, local autonomy implies the right of communities to constitute and manage their own budgets in order to create an accurate and integrated image of the functionality of various systems of territorial administrative organization, we considered opportun...

  14. THE EUROPEAN UNION’S GENERAL BUDGET- AN INSTRUMENT FOR ECONOMIC GOVERNANCE

    Directory of Open Access Journals (Sweden)

    Tatiana COVALSCHI

    2015-09-01

    Full Text Available The European Union is an unprecedented institution in the world, and therefore the general budget of the European Union is a specific budget, different from the national public budgets or the budgets of different organizations. This article studies the peculiarities of the European Union general budget, its essence and role in the economic governance, as well as the position of this budget in European financial system. The article is based on a complex analysis of the revenues and expenditures of the general budget of the European Union and of the interconnections between the general budget and the budgets of the Member States, in order to ensure the sustainability of public finances in the European Union at present.

  15. FINANCING OF INTERNATIONAL TRANSACTIONS

    Directory of Open Access Journals (Sweden)

    RADU NICOLAE BĂLUNĂ

    2013-02-01

    Full Text Available Financing (funding is essentially the purchase of funds necessary for a business. This can be done from internal sources (company’s own funds or external (borrowed funds. The high value of goods traded in international trade makes revenues generated from internal resources not sufficient to settle the value of the goods. Thus, it is frequent to resort to borrowed funds. In International Business Transactions, external financing is done both by classical techniques of credit (credit supplier and buyer credit and modern techniques of financing (factoring, forfeiting, leasing all trade tailored. In terms of the length of financing, accounting funding is short-term (1-12 months and long-term financing (over a year. In principle, export and import operations prevailing short-term financing techniques, while international investment and industrial cooperation actions are specific long-term funding

  16. Financing Distributed Generation

    International Nuclear Information System (INIS)

    This paper introduces the engineer who is undertaking distributed generation projects to a wide range of financing options. Distributed generation systems (such as internal combustion engines, small gas turbines, fuel cells and photovoltaics) all require an initial investment, which is recovered over time through revenues or savings. An understanding of the cost of capital and financing structures helps the engineer develop realistic expectations and not be offended by the common requirements of financing organizations. This paper discusses several mechanisms for financing distributed generation projects: appropriations; debt (commercial bank loan); mortgage; home equity loan; limited partnership; vendor financing; general obligation bond; revenue bond; lease; Energy Savings Performance Contract; utility programs; chauffage (end-use purchase); and grants. The paper also discusses financial strategies for businesses focusing on distributed generation: venture capital; informal investors (''business angels''); bank and debt financing; and the stock market

  17. Finance and supply management project execution plan; TOPICAL

    International Nuclear Information System (INIS)

    As a subproject of the HANDI 2000 project, the Finance and Supply Management system is intended to serve FDH and Project Hanford major subcontractor with financial processes including general ledger, project costing, budgeting, and accounts payable, and supply management process including purchasing, inventory and contracts management. Currently these functions are performed with numerous legacy information systems and suboptimized processes

  18. Marketing in the control system of the organization finance

    OpenAIRE

    Klimova Natalya Vladimirovna

    2012-01-01

    The marketing role in financial activity of the organisation is shown, their dual dependence is defined, three blocks of business process are allocated «marketing» connected with the finance, methods of working out of the budget of marketing are generalised, the estimation of efficiency of marketing activity and marketing audit are considered.

  19. Islamic Banking and Finance

    OpenAIRE

    AlFarra, Diaa M. S.

    2015-01-01

    Islamic Banking and Finance has been growing rapidly during the last decades. Descriptive analysis has been used in order to introduce the Islamic banking and finance and how it works. On other hand, clarify the Islamic Banking and Finance Systems and show how it works in part of liability and also profit and loss sharing basis. In addition to that, the main similarities and differences were properly identified, introduced and discussed in the paper. It is obvious that there are many similari...

  20. Hawkes processes in finance

    OpenAIRE

    Emmanuel Bacry; Iacopo Mastromatteo; Jean-Fran\\c{c}ois Muzy

    2015-01-01

    In this paper we propose an overview of the recent academic literature devoted to the applications of Hawkes processes in finance. Hawkes processes constitute a particular class of multivariate point processes that has become very popular in empirical high frequency finance this last decade. After a reminder of the main definitions and properties that characterize Hawkes processes, we review their main empirical applications to address many different problems in high frequency finance. Becaus...

  1. Globalisation et finances internationales

    OpenAIRE

    Prada B., Luis M.

    2011-01-01

    Cet article énonce les principales caractéristiques de la globalisation économique, il précise également en quoi consiste la globalisation financière et met en relief le rôle des investisseurs institutionnels dans les nouvelles finances. De même, l´article conclut que la globalisation financière offre de nouvelles opportunités ; à nous la responsabilité de les profiter.

  2. Financing of Business Activities

    OpenAIRE

    Klimkova, Jana

    2010-01-01

    This bachelor‘s thesis focuses on the financing of investment of a particular company. The thesis consists of three parts. The first part describes basic concepts, various sources of financing and methods of investment evaluation. In the second part, the company itself is introduced and there is also described the intention of the investment. In the third part the suggestions of the financing of investment are made. In the conclusion, there is chosen the exact suggestion, which is the most su...

  3. Nonrecourse financing and securitization

    OpenAIRE

    Kobayashi, Mami; Osano, Hiroshi

    2012-01-01

    We consider the role of the nonrecourse financing of securitization by a financial institution (FI). Our model suggests that even though the FI has the opportunity to provide liquidity support afterward, it is optimal for the FI to use the nonrecourse financing of securitization initially, because the nonrecourse security makes liquidation of the original asset more attractive for an FI that knows that the original asset is bad. However, our model also predicts that the nonrecourse financing ...

  4. 76 FR 42765 - Departmental Offices; Renewal of the Treasury Borrowing Advisory Committee of the Securities...

    Science.gov (United States)

    2011-07-19

    ..., Director, Office of Debt Management (202) 622-7087. SUPPLEMENTARY INFORMATION: The purpose of the Committee... responsibilities for Federal financing and public debt management. The Committee meets to consider special items on... Federal Official for the Advisory Committee is the Director of the Office of Debt Management. The...

  5. 2017 Budget Outlays

    Data.gov (United States)

    Executive Office of the President — This dataset includes three data files that contain an extract of the Office of Management and Budget (OMB) budget database. These files can be used to reproduce...

  6. 2017 Budget Receipts

    Data.gov (United States)

    Executive Office of the President — This dataset includes three data files that contain an extract of the Office of Management and Budget (OMB) budget database. These files can be used to reproduce...

  7. 2017 Budget Budauth

    Data.gov (United States)

    Executive Office of the President — This dataset includes three data files that contain an extract of the Office of Management and Budget (OMB) budget database. These files can be used to reproduce...

  8. Fiscal Year 2015 Budget

    Data.gov (United States)

    Montgomery County of Maryland — This dataset includes the Fiscal Year 2015 Council-approved operating budget for Montgomery County. The dataset does not include revenues and detailed agency budget...

  9. Beyond Zero Based Budgeting.

    Science.gov (United States)

    Ogden, Daniel M., Jr.

    1978-01-01

    Suggests that the most practical budgeting system for most managers is a formalized combination of incremental and zero-based analysis because little can be learned about most programs from an annual zero-based budget. (Author/IRT)

  10. FINANCIAL AUDIT AS PREDICTION TOOL FOR RISK REDUCTION IN PUBLIC FINANCE

    OpenAIRE

    NORA STANGOVA; AGNESA VIGHOVA

    2014-01-01

    State budget is the fundamental document of state economy. State budget balance reflects state economy. Deficit reported in a state budget in the long-term threatens long-term effective functioning of a state. This article aims at pointing out risks arising in the public finance of Slovakia and at providing framework proposals of solutions by means of financial audit. Financial audit represents a supervisory tool of a state, as municipalities and self-governing regions are obliged to have fin...

  11. Budgeting in Lithuania

    OpenAIRE

    Ian Hawkesworth; Richard Emery; Joachim Wehner; Jannick Saegert

    2010-01-01

    This report covers the budget process in Lithuania. It discusses the four phases in separate sections: budget preparation, legislative approval, budget execution, and accounting and audit. Each section ends with a list of recommendations. The new strategic planning process should strengthen the policy focus of the budget at the level of the line ministries and could be accompanied by a more robust medium.term fiscal framework. All public.private partnerships (PPPs) should be subject to approv...

  12. MICROCOMPUTER BUDGET MANAGEMENT SYSTEM

    OpenAIRE

    McGrann, James M.; Kent D. Olson; Powell, Timothy A.; Nelson, Ted R.

    1986-01-01

    The enterprise budget, whole farm cash flow, and income statement are fundamental tools of farm and ranch management. The "Microcomputer Budget Management System" (MBMS) is a microcomputer software package that facilitates the storage and use of information for crop and livestock budgeting. It performs the calculations for several enterprise budgeting formats and for preparation of whole farm resource use reports and financial statements. The MBMS also includes internal machinery and irrigati...

  13. Performance Budgeting in Turkey

    OpenAIRE

    Sevil Çatak; Canan Çilingir

    2010-01-01

    The effective and efficient use of public resources has vital importance for Turkey. To serve this purpose, public financial management was reformed and a performance budgeting system was launched in Turkey. This article assesses the current situation of the implementation of the performance budgeting system in Turkey from the perspective of public administrations under the general budget. It examines all stages of the performance budgeting process (strategic planning, performance programming...

  14. Teaching Public Budgeting and Finance as Complex Adaptive System

    OpenAIRE

    Dawoody, Alexander

    2010-01-01

    Complexity studies were nonexistent until the work of Poincare during the period between 1881 and 1886. Poincare‟s work illustrated the first indication of chaotic behavior in a dynamic system. Today, complexity studies extend to vast areas in the fields of natural and social sciences. These studies uncover information of complex nature through paradigms such as interconnectedness, network, process, self-organization, mutual causality, bifurcation, scattered matrix, emergence, collapse dynami...

  15. Department of Energy authorizations for fiscal years 1986 and 1987. Oversight hearings before the Subcommittee on Energy and the Environment of the Committee on Interior and Insular Affairs, House of Representatives, Ninety-Ninth Congress, First and Second Sessions

    International Nuclear Information System (INIS)

    Energy Secretary John S. Herrington, Kevin Boland of the General Accounting Office, and a panel of witnesses from DOE testified on DOE's budget request of $2.6 billion, an increase of $.3 billion over 1985 and a decrease of $.3 billion from 1984 appropriations. Critical programs include the Monitored Retrieval Storage (MRS) facility for high-level nuclear wastes and uranium enrichment. Herrington and DOE spokesmen defended the budget request and responded to committee questions. Boland reported that, while DOE has made progress in meeting the legislative requirements for the MRS program, it will be difficult to meet the repository siting deadlines and financing requirements for the program. Boland anticipated that legal challenges could delay the program. He also questioned DOE's decentralized field management approach. Two appendices with additional statements and responses submitted for the record follow the testimony

  16. Budgeting and Beyond

    DEFF Research Database (Denmark)

    Rohde, Carsten

    Budgets and budget control has been known since the early 19th century1. However the use of budget control was until the beginning of the 1920ies in US primarily related to governmental units and states and to a minor extent to business units in practice. At that time James McKinsey describes...

  17. School District Budgeting.

    Science.gov (United States)

    Hartman, William T.

    This book is devoted exclusively to the budgeting process in school districts, unlike the more common generic budgeting texts. As such, it allows an in-depth treatment of both conceptual and practical aspects of budgeting in a single volume. By default, school business officials have had to rely on the state education accounting manual as their…

  18. Budgeting in Austria

    OpenAIRE

    Jón R. Blöndal; Daniel Bergvall

    2007-01-01

    This article discusses budgeting institutions, processes and practices at the federal level in Austria. Separate sections are devoted to the budget formulation process, the role of parliament, and various aspects of budget implementation and government management issues. Each section highlights the government’s reform agenda and current practices, and analyses the two vis-à-vis OECD best practices.

  19. Performance Budgeting in Korea

    OpenAIRE

    John M. Kim; Nowook Park

    2007-01-01

    Korea is in the initial stages of implementing performance-based budgeting. The system was introduced as part of a comprehensive fiscal reform package in the late 1990s. This article discusses the background, framework and implementation of performance budgeting and its impact in the budget process.

  20. Library Budget Primer.

    Science.gov (United States)

    Warner, Alice Sizer

    1993-01-01

    Discusses the advantages and disadvantages of six types of budgets commonly used by many different kinds of libraries. The budget types covered are lump-sum; formula; line or line-item; program; performance or function; and zero-based. Accompanying figures demonstrate the differences between four of the budget types. (three references) (KRN)

  1. 76 FR 67747 - Interagency Autism Coordinating Committee; Call for Nominations

    Science.gov (United States)

    2011-11-02

    ... personal experience with ASD. In accordance with White House Office of Management and Budget guidelines (FR... reasonable accommodation to enable participation on the Committee should be indicated in the nomination... HUMAN SERVICES National Institutes of Health Interagency Autism Coordinating Committee; Call...

  2. 76 FR 8358 - Basic Energy Sciences Advisory Committee

    Science.gov (United States)

    2011-02-14

    ... will be available on the Basic Energy Science Advisory Committee's Web site at http://www.science.doe... Energy Sciences Advisory Committee AGENCY: Department of Energy, Office of Science. ACTION: Notice of... Science/DOE. News from the Office of Basic Energy Sciences. ] Discussion on the FY 2012 Budget. New...

  3. Offsets - An opportunity of Financing

    International Nuclear Information System (INIS)

    Nuclear Research Reactors sometimes need to implement projects to upgrade, revamp or convert their reactor, acquire new fuel elements, etc. However, as their activities are mainly of noncommercial nature, they sometimes lack of financial resources to implement these projects by themselves. Several solutions exist: loans, governmental budget, subsidies from international organizations (IAEA). Offsets are another source of financing. They also are free of charge for the reactor. The objective of offsets is to Identify, implement and finance projects that: directly create or sustain a local economic activity of high-added value, would not have happened without the Obligor's intervention, and are of crucial importance given the country's political background (favor employment, technology transfers, training and education, research and development, etc.). Companies worldwide are willing to finance local projects to fulfill their Offset Obligation. Local organizations or institutions are willing to invest to increase their activities but lack of financial resources. Offset regulations are an opportunity on both sides and are free for the local organization. The monetary value of an Offset obligation is calculated as a percentage of the main contract price (or as a percentage of the imported part value). That percentage depends on the Country's legislation and on the nature of the main contract (defense or civilian). This value has to be compensated by an equivalent economic value (a Project's cost is different from its value). There is two ways of assessing a value: - Political aspects: The Project is of political importance for the country (development of an export capability, technology and/or know-how transfers) and the project in line with the country's political priorities (employment, research, international presence, etc.). - Economic benefits: the project directly sustains or creates additional activities, turnover, R and D, employment, etc. It benefits directly

  4. Financing for Gender Equality

    OpenAIRE

    Kim, Jim Yong

    2015-01-01

    Remarks delivered by Jim Yong Kim, President of the World Bank Group. The Third International Conference on Financing for Development represents an important milestone in efforts to achieve universal and sustainable development as we move beyond 2015 and introduce a new set of Sustainable Development Goals. This event aims to mobilize high-level political support for financing gender equality and women’s...

  5. Financing - general considerations

    International Nuclear Information System (INIS)

    Various aspects of the problems of financing a multinational regional fuel cycle centre (RFCC) are briefly discussed. Some of the points covered are: financing by participants; floating long-term loans on capital markets outside the countries of the participants; and export credits for the purchase of equipment manufactured outside the countries of the participants

  6. Financing landfill gas projects

    International Nuclear Information System (INIS)

    The problems of financing landfill gas projects in the UK in the last few years are discussed. The approach of the author in setting up a company to finance such projects in the power generation field and a separate company to design and supply turnkey packages is reported. (UK)

  7. Caring finance practices

    NARCIS (Netherlands)

    I.P. van Staveren (Irene)

    2013-01-01

    textabstractThe 2008 financial crisis has demonstrated the failure of both utilitarian and deontological ethics in finance. Alternatives do not need to be created from nothing, because the crisis itself has stimulated the emergence of ethically sound finance practices from within the sector. This ar

  8. Finance Law Review

    Science.gov (United States)

    Forth, Douglas S.

    1975-01-01

    Reviews recent state and federal court decisions dealing with issues relevant to educational finance. Within the area of elementary and secondary education, cases involve general school finance, state funding programs, employee negotiations, and business management. In the area of higher education, cases involve taxation, student fees,…

  9. Public Education Finances, 2005

    Science.gov (United States)

    US Census Bureau, 2007

    2007-01-01

    The United States Census Bureau conducts an Annual Survey of Government Finances as authorized by law under Title 13, United States Code, Section 182. The 2005 survey, similar to other annual surveys and censuses of governments conducted for many years, covers the entire range of government finance activities--revenue, expenditure, debt, and…

  10. Public Education Finances, 2006

    Science.gov (United States)

    US Census Bureau, 2008

    2008-01-01

    The United States Census Bureau conducts an Annual Survey of Government Finances as authorized by law under Title 13, United States Code, Section 182. The 2006 survey, similar to other annual surveys and censuses of governments conducted for many years, covers the entire range of government finance activities--revenue, expenditure, debt, and…

  11. Public Education Finances, 2008

    Science.gov (United States)

    US Census Bureau, 2010

    2010-01-01

    The United States Census Bureau conducts an Annual Survey of Government Finances as authorized by law under Title 13, United States Code, Section 182. The 2008 survey, similar to other annual surveys and censuses of governments conducted for many years, covers the entire range of government finance activities--revenue, expenditure, debt, and…

  12. Public Education Finances, 2007

    Science.gov (United States)

    US Census Bureau, 2009

    2009-01-01

    Every five years, the U.S. Census Bureau conducts a Census of Government Finance, as authorized by law under Title 13, U.S. Code, Section 182. The 2007 Census, similar to annual surveys and censuses of governments conducted for many years, covers the entire range of government finance activities--revenue, expenditure, debt, and assets (cash and…

  13. When Art & Finance Collide

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    Fine art and big finance are proving a profitable combination in China but questions of authenticity need to be addressed CHINA’S art market is on fire.As sales and prices break records,a new force has appeared in the market - organized art finance in the form of art trust funds and artwork exchanges.

  14. Geothermal Financing Workbook

    Energy Technology Data Exchange (ETDEWEB)

    Battocletti, E.C.

    1998-02-01

    This report was prepared to help small firm search for financing for geothermal energy projects. There are various financial and economics formulas. Costs of some small overseas geothermal power projects are shown. There is much discussion of possible sources of financing, especially for overseas projects. (DJE-2005)

  15. Financing CFM through REDD

    OpenAIRE

    Skutsch, Margaret

    2008-01-01

    The Technology and Sustainable Development section of the Clean Technology and Environmental Policy Group, University of Twente, is working on a project financed by Netherlands Development Cooperation entitled “Kyoto: Think Global, Act Local” which will run from 2003 to 2009. The project is investigating the potential for carbon finance to support community forest management.

  16. Financing Canadian international operations

    International Nuclear Information System (INIS)

    A primer on financing international operations by Canadian corporations was provided. Factors affecting the availability to project finance (location, political risk), the various forms of financing (debt, equity, and combinations), the main sources of government backed financing to corporations (the International Finance Corporation) (IFC), the European Bank for Reconstruction and Development (EBRD), the Asian Development Bank (ADB), the Overseas Property Insurance Corporation (OPIC), government or agency guarantees, political risk coverage, the use of offshore financial centres, and the where, when and how these various organizations operate, were reviewed. Examples of all of the above, taken from the experiences of Canadian Occidental Petroleum of Calgary in the U.S., in South America, in the Middle and Far East, and in Kazakhstan, were used as illustrations. figs

  17. CAPITAL BUDGETING DECISIONS-REVIEW OF LITERATURE

    Directory of Open Access Journals (Sweden)

    Renu Gulia

    2014-04-01

    Full Text Available -The main objective of present study is to present review of literature related to capital budgeting decisions and to study the trends in using the capital budgeting techniques in depth. The study would facilitate the reader to know the past, current and future trend of capital budgeting techniques by the corporate houses. This study would provide guidelines to decision makers to make investing and financing decisions so that their profit get maximise at minimize risks.The secondary purpose of this study is to understand the rationale behind capital budgeting decisions. Whether such kinds of decisions affect the efficiency of the corporate houses. Efficiency either in terms of increase in revenue or decrease in costs of the operations. The benefits from large investments are received in some future period and the future is uncertain. For instance, a decision to acquire an asset that is going to last for 15 years requires a15-year forecast. A failure to forecast correctly will lead to serious errors which can be corrected only at a considerable expense. Future revenue involves estimating the size of the market for a product and the expected share of the firm in that. These estimates depend on a variety of factors, including price, advertising and promotions, and sales effort and so on. To what extend these estimates effect the quality of capital budgeting decisions is the more sophisticated way to explain the main objective of this study

  18. Debt Financing: Academia's Funding Alternative.

    Science.gov (United States)

    Baum, Rudy M.

    1981-01-01

    Discusses debt financing as a way to help universities alleviate the problems of obsolete scientific equipment and facilities for research. Reviews several forms of tax-exempt financing and takes note of some of the advantages of debt financing. (CS)

  19. THEORETICAL FOUNDATIONS REGARDING THE IMPORTANCE, NECESSITY AND USAGE OF MULTIANNUAL BUDGETS IN ROMANIA

    OpenAIRE

    Lăpăduşi Mihaela Loredana; Căruntu Constantin

    2011-01-01

    The material is intended to be an easy to read one, structured in a way to be a theoreticalframework concerning the importance, necessity and usage of multi-annual budgets inRomania. The article puts particular emphasis on explaining the terminology specific to thedomain regarding multi-annual budgeting, on principles and less on methodology, whichonce learned and applied, can lead to the improvement of the financing mechanismsthrough multi-annual budgets. Without constituting a monograph of ...

  20. Our changing planet: the FY 1993 U.S. Global Change Research Program. A report by the Committee on Earth and Environmental Sciences. A supplement to the U.S. President's Fiscal Year 1993 Budget

    International Nuclear Information System (INIS)

    The USGCRP was established as a Presidential initiative in the FY 1990 Budget to help develop sound national and international policies related to global environmental issues, particularly global climate change. The USGCRP is implemented through a priority-driven scientific research agenda that is designed to be integrated, comprehensive, and multidisciplinary. It is designed explicitly to address scientific uncertainties in such areas as climate change, ozone depletion, changes in terrestrial and marine productivity, global water and energy cycles, sea level changes, the impact of global changes on human health and activities, and the impact of anthropogenic activities on the Earth system. The USGCRP addresses three parallel but interconnected streams of activity: documenting global change (observations); enhancing understanding of key processes (process research); and predicting global and regional environmental change (integrated modeling and prediction)

  1. Our Changing Planet: The FY 1993 US Global Change Research Program. A report by the Committee on Earth and Environmental Sciences, a supplement to the US President's fiscal year 1993 budget

    Science.gov (United States)

    1992-01-01

    The U.S. Global Change Reasearch Program (USGCRP) was established as a Presidential initiative in the FY-1990 Budget to help develop sound national and international policies related to global environmental issues, particularly global climate change. The USGCRP is implemented through a priority-driven scientific research agenda that is designed to be integrated, comprehensive, and multidisciplinary. It is designed explicitly to address scientific uncertainties in such areas as climate change, ozone depletion, changes in terrestrial and marine productivity, global water and energy cycles, sea level changes, the impact of global changes on human health and activities, and the impact of anthropogenic activities on the Earth system. The USGCRP addresses three parallel but interconnected streams of activity: documenting global change (observations); enhancing understanding of key processes (process research); and predicting global and regional environmental change (integrated modeling and prediction).

  2. The Determinants of Debt Financing

    OpenAIRE

    Zhao, Chenkai

    2013-01-01

    Debt financing is an important part in capital structure. Over the fifty years, most scholars and researchers focus primarily on the balance between debt financing and equity financing. And only few research involve in types of debt financing, as well as the determinant of debt financing. This study is aim to analyse the determinate of debt financing, which examine that the influence by eight different elements. This dissertation examined by quantitative techniques with 591 UK listed comp...

  3. Audit Committees

    OpenAIRE

    2009-01-01

    We have produced this booklet to explain the role of audit committees as they can help to improve how an organisation is governed. In a company, an audit committee is a group of its directors whose main responsibilities are to: advise all directors about the quality of the company’s financial statements; work with the company’s external auditor; and examine the reports of the company’s internal auditor, if it employs one.

  4. Climate change and the federal budget. CBO memorandum

    International Nuclear Information System (INIS)

    This Congressional Budget Office (CBO) memorandum was prepared at the request of the Senate Committee on the Budget to document current US efforts in the area of global climate change and to review current federal spending programs and tax policies that relate to climate change. The memorandum also describes proposals contained in the President's 1999 budget for funding for those programs and several new tax policies. It should be helpful to policymakers as they consider options to respond to international proposals for reducing the threat of climate change

  5. Financing Bologna Students’ Mobility

    OpenAIRE

    Gérard, Marcel

    2011-01-01

    The current system for financing cross-border students, based on the host country, is neither sustainable nor efficient: it produces too little cross-border education. On that background, and motivate as well by a recent decision of the European Court of Justice, we explore two alternative solutions. The first one substitutes to the financing by the host country, a financing by the country of origin, through vouchers that the student may use at home or abroad provided it is in a recognized in...

  6. Financing Bologna Students’ Mobility

    OpenAIRE

    Gérard, Marcel; Sixth Workshop on Public Policy Design: Education

    2010-01-01

    The current system for financing cross-border students, based on the host country, is neither sustainable nor efficient: it produces too little cross-border education. On that background, and motivate as well by a recent decision of the European Court of Justice, we explore two alternative solutions. The first one substitutes to the financing by the host country, a financing by the country of origin, through vouchers that the student may use at home or abroad provided it is in a recognized in...

  7. FINANCING SME FUTURE DEVELOPMENT

    OpenAIRE

    Viorica CERBUSCA

    2015-01-01

    The paper highlights the problems faced by the SMEs in accessing adequate financing as one of the most significant barriers of the sector. Financial access is critical for SMEs’ growth and development. At the same time, the author emphasize that there is no unique way of financing SMEs. The need depends on the stage of maturity and size of the enterprise. In order to facilitate the SME access to finance it is necessary to adapt the best international practices and to adapt them at the ...

  8. The Finance Curse

    DEFF Research Database (Denmark)

    Christensen, John; Shaxson, Nick; Wigan, Duncan

    2016-01-01

    The Global Financial Crisis placed the utility of financial services in question. The crash, great recession, wealth transfers from public to private, austerity and growing inequality cast doubt on the idea that finance is a boon to the host economy. This article systematizes these doubts......, economic instability, inequality, conflict, rent-seeking and corruption. The Finance Curse produces similar effects, often for similar reasons. Beyond a point, a growing financial sector can do more harm than good. Unlike the Resource Curse, these harms transcend borders. The concept of a Finance Curse...

  9. [Analysis of the progressivity of Brazilian Unified National Health System (SUS) financing].

    Science.gov (United States)

    Ugá, Maria Alicia Domínguez; Santos, Isabela Soares

    2006-08-01

    This article analyzes the level of progressivity in taxes financing the Brazilian Unified National Health System (SUS). Distribution of the tax burden financing the SUS was calculated using micro-data from the Household Budgets Survey, 2002-2003. The Kakwani index, which shows a tax system's level of progressivity, was calculated. The Kakwani index of public financing was -0.008, and SUS financing was nearly proportional to income. From a social justice perspective this is highly undesirable in a society like Brazil, with a Gini index of 0.57. The system should be clearly progressive in order to counterbalance the country's extreme income concentration. PMID:16832531

  10. Space Shuttle: Declining budget and tight schedule could jeopardize space station support. Report to the Chairman, Subcommittee on Oversight of Government Management and the District of Columbia, Committee on Governmental Affairs, US Senate

    Science.gov (United States)

    1995-07-01

    NASA plans to use the space shuttle on 21 flights over a 5-year period to assemble the International Space Station. To meet this requirement, the shuttle will have to undergo substantial redesign to gain additional lift capability. The General Accounting Office (GAO) has examined the extent to which the shuttle program can support the the space station's assembly requirements. The impacts of a declining shuttle budget and a demanding schedule to support the space station were examined. GAO made recommendations that the Administrator of NASA establish an independent review team to (1) assess NASA's systems integration plan for the lift-increasing enhancements, (2) identify the associated technical and programmatic risks, and (3) weigh the costs and benefits of NASA's tight scheduling of shuttle flights to assemble the space station. The findings are (1) that some of the hardware redesign programs have experienced early development problems, and the potential exists for additional problems; (2) NASA's schedule for meeting the space station's launch requirements appears questionable, and (3) the shuttle's modification and launch enhancement program includes plans to defer some recertification activities and forgo full integration testing of the propulsion system. Given the magnitude and complexity of the shuttle enhancement program, GAO believes it is prudent to take additional measures to ensure that (1) the implications of integrating numerous individual design changes are fully understood and (2) safety is not compromised.

  11. Financing Professional Sports Facilities

    OpenAIRE

    Baade, Robert A.; Victor A. Matheson

    2011-01-01

    This paper examines public financing of professional sports facilities with a focus on both early and recent developments in taxpayer subsidization of spectator sports. The paper explores both the magnitude and the sources of public funding for professional sports facilities.

  12. To finance the transition

    International Nuclear Information System (INIS)

    A set of brief articles illustrates the emergence of innovating and operational financing tools aimed at supporting energy transition in France and in Europe. As far as France is concerned, different examples are evoked: raising local savings, crowd-funding for renewable energies, citizen investment, cooperation between industries, communities and citizens, a semi-public company with citizen participation, the case of the Nancy urban community, a joint experience by a local public company and an investment fund. As far as Europe is concerned, the following topics or examples are evoked: local policies as lever for European financing, the Danish example of citizen-based financing, crowd-funding in the UK, the European emergence of cooperatives. As far as banks and institutions are concerned, the following topics are addressed: tools implemented by the Caisse des Depots for energy transition, the roles of banks and of public institutions in the financing of energy transition

  13. FINANCING SME FUTURE DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    Viorica CERBUSCA

    2015-04-01

    Full Text Available The paper highlights the problems faced by the SMEs in accessing adequate financing as one of the most significant barriers of the sector. Financial access is critical for SMEs’ growth and development. At the same time, the author emphasize that there is no unique way of financing SMEs. The need depends on the stage of maturity and size of the enterprise. In order to facilitate the SME access to finance it is necessary to adapt the best international practices and to adapt them at the local condition. Article aims to present microfinancing as a tool that could improve the SME access to finance, thus contributing to the economic development of the country by creating new jobs, new products and services

  14. Personal Finance Calculations.

    Science.gov (United States)

    Argo, Mark

    1982-01-01

    Contains explanations and examples of mathematical calculations for a secondary level course on personal finance. How to calculate total monetary cost of an item, monthly payments, different types of interest, annual percentage rates, and unit pricing is explained. (RM)

  15. Introduction to Islamic finance

    OpenAIRE

    Umar F. Moghul; Murtha Cullina

    2006-01-01

    An increasing number of individuals and banks have become curious about Islamic finance and how it is conducted in America. The author provides helpful background and tells where services can be found in New England.

  16. Export development financing

    International Nuclear Information System (INIS)

    The main activities of the Export Development Corporation (EDC) were described, as well as some of the changes currently being implemented. EDC is Canada's official export credit agency, providing risk management services such as insurance, loans, guarantees, equity and leasing. EDC's project finance initiative started in 1991, and focused mainly on the up-front process. It has established itself as a recognized leader in project financing. It has over 15 years experience in a variety of sectors and countries. Energy projects financed to date include hydro projects in India, Argentina and Pakistan, and thermal projects in Thailand, China, Indonesia and Egypt. Lending criteria used to select projects were outlined, along with the risks endemic to project financing

  17. PUBLIC FINANCE FUNCTIONS

    Directory of Open Access Journals (Sweden)

    VEZURE OANA SABINA

    2011-09-01

    Full Text Available The emergence of public finances is due to objective causes needs and determined their main function being to obtain the financial resources it needs for the State to exercise its powers and on the way to intervene in the economy and society general. Public finances are necessary, subjectively and objectively, as it contributes to accomplishing the tasks and functions of the state, which could not be realized without financial leverage. Public finances are inextricably linked to the existence of the state, and public sector's role in the economy. Thus, they express "social relations, economic arising in the establishment and use of public funds between the state, on the one hand, and members of society on the other hand, to meet the needs of general interest of society" [1]. Thus, the role of public finance is to meet the needs of general interest or collective needs.

  18. FINANCING INNOVATION IN ROMANIA

    Directory of Open Access Journals (Sweden)

    SORIN SERBAN

    2012-05-01

    Full Text Available This article based on an examination of empirical literature, analyses the financing of innovative enterprises in Romania and presents the characteristics of Romanian policies in this regard. It sets forth an estimation of the number of innovative enterprises in Romania based on figures from different sources. Assessing the role of financial restrictions on innovation reveals that a firm is facing obstacles to finance its innovative activities but also other difficulties to innovate which appears to be enhanced. This article also puts forward the role of different financing actors and instruments at different stages of the firm's life cycle and emphasizes the function of proximity capital in filling the gap between supply and demand of financing. Finally a framework for policy is recommended.

  19. Views on the Finance of Turkish Higher Education

    Directory of Open Access Journals (Sweden)

    Metin ÖZKAN

    2014-08-01

    Full Text Available This research originated from the increasing number of discussions in relation to the financial support of higher education, the quest for creating sustainable resources for the increasing demand of higher education and the inadequate number of academic research that focuses on the finance of higher education in Turkey and seen as a necessity. In line with this requirement, it is aimed to determine the opinions of the participants regarding how the Turkish Higher Education should be financed. The study population consists of administrative staffs who conduct financial issues in universities. Universities included into the sample are identified based on stratified sampling method by considering the rankings revealed by “University Ranking by Academic Performance (URAP”. The sample of the study includes 138 staffs conducting the financial issues of these universities. The data are collected by means of a questionnaire consisting of 48 items developed by the researchers. According to the findings, higher education should be financed predominantly by diversification of the resources instead of financing by public resources. It is suggested that this method can also develop financial autonomy and thus can provide an opportunity for using the resources more effectively. Resources from the public budget to determine the amount to be transferred to the university is a determinant of performance criteria, the amount determined by the method of allocation be given directly to universities and colleges by the method of budget spending this budget bag is required. Performance criteria should be taken into consideration during the identification of resources to be transferred to universities from the public budget, the amount determined should be assigned directly to universities and universities should spend this budget by considering their own priorities.

  20. What can behavioural finance teach us about finance?

    OpenAIRE

    Werner DeBondt; William Forbes; Paul Hamalainen; Yaz Gulnur Muradoglu

    2010-01-01

    Purpose – The paper draws on the key themes raised at a Round Table discussion on behavioural finance attended by academics and practitioners. The paper provides a background to the key aims of behavioural finance research and the development of the discipline over time. The purpose of this paper is to indicate some future research issues on behavioural finance that emanate from the financial crisis and highlight areas of mutual benefit to both behavioural finance academics and the finance in...

  1. Essays in History & Finance

    OpenAIRE

    D'ACUNTO, FRANCESCO

    2015-01-01

    To which extent may history help us understand current financial outcomes? FinancialHistory typically tests for financial theories using historical data, or studies past financialoutcomes to understand the present through analogy. This dissertation focuses on an alternative approach to the use of history in finance, which I label "History & Finance." This approach exploits facts and institutions of the past, and the persistence of the economic and social phenomena they determine, to directly...

  2. SME financing in China

    OpenAIRE

    Chen Xiang Liu

    2007-01-01

    SMEs have a great contribution in China’s economic expansion. However, the financing predicament currently faced by SMEs constitutes a great bottleneck for their development. Banks are reluctant to lend to them, mainly due to the lack of collateral and their poor capability in pricing risk. This is the reason why credit guarantee institutions play a key role in SME financing and the perfection of the credit guarantee system is important for promoting their access to credit. In addition, the l...

  3. Qualitative research in finance

    OpenAIRE

    Dan Kaczynski; Michelle Salmona; Tom Smith

    2014-01-01

    This paper provides an overview of qualitative research to encourage finance researchers to apply a more diverse approach to current research practices. Social science researchers recognize that research questions should determine what research paradigm is best for each study. Imagine the benefits to finance if we expand our empirical sources of data to include what people have to say, which then allows us to explore the complex reasoning behind these conversations. It is the intent of this p...

  4. Financing Water in Africa

    OpenAIRE

    Bayliss, Kate

    2013-01-01

    Despite repeated policy initiatives from donors and governments, the human and economic cost of continued lack of access to safe water and sanitation in sub-Saharan Africa remains high. Progress is in large part constrained by a persistent ‘financing gap’. This paper shows that a radical reorientation of policy is needed to achieve a significant increase in investment finance in order to raise access levels. Rather than continuing to pursue policies that have failed for the past two decades, ...

  5. International Macro-Finance

    OpenAIRE

    Pavlova, Anna; Rigobon, Roberto

    2011-01-01

    International macro-finance is a new area of open economy macroeconomics that brings portfolio choice and asset pricing considerations into models of international macroeconomics. The importance of these considerations--typically relegated to Finance and largely overlooked in traditional macroeconomics--for the international macroeconomy have been underscored by a series of recent financial crises and by unprecedented global imbalances. In this paper, we survey recent developments in this are...

  6. Financing Biodiversity Conservation

    OpenAIRE

    Ricardo Bayón; J. Steven Lovink; Wouter J. Veening

    2000-01-01

    Financing the conservation and sustainable use of biodiversity has been called one of the greatest challenges. At the heart of this challenge lies the low financial and political value which is often assigned to biodiversity and the resulting lack of financial mechanisms for conservation and sustainable use. This report provides an overview of existing and experimental financing mechanisms that can be used to encourage the conservation and sustainable use of biodiversity. To help to better un...

  7. Selected budgeting issues in Chile: Performance budgeting, medium-term budgeting, budget flexibility

    OpenAIRE

    Ian Hawkesworth; Oscar Huerta Melchor; Marc Robinson

    2012-01-01

    The Chilean government is exploring several important areas of public sector reform. This article discusses performance budgeting (including spending reviews, efficiency reviews, and the Chilean performance management system), mediumterm budgeting (especially the use of forward estimates and fiscal rules), and flexibility and efficiency in budget execution. Chile’s situation as of May 2012 was analysed in the light of OECD country best practices at the annual meeting of the OECD network on pe...

  8. Public budgets: New challenges

    OpenAIRE

    Attila, György

    2010-01-01

    Budgeting is passing through changes all over the world in order to find more efficient ways to guide public money usage. The last half of century gave us multiple examples of how to improve budgetary performance, but there are a lot to do in next decades to accomplish this goal. The challenges regarding public budgeting are: using accrual based budgeting, use performance information to determine the allocations for each agency, and strengthening the budgetary transparency.

  9. Exploring Higher Education Financing Options

    Science.gov (United States)

    Nkrumah-Young, Kofi K.; Powell, Philip

    2011-01-01

    Higher education can be financed privately, financed by governments, or shared. Given that the benefits of education accrue to the individual and the state, many governments opt for shared financing. This article examines the underpinnings of different options for financing higher education and develops a model to compare conditions to choices and…

  10. Financing energy projects in Africa

    International Nuclear Information System (INIS)

    Contains Executive Summary and Chapters on: Overview of financing trends in Africa; Multilateral support - Bedrock of Africa's first generation energy projects; ECA insurance and financing; Bilateral development finance; Offshore commercial bank lending; Local commercial bank finance; Capital markets; Legal ramifications ; Risk factors; Conclusions. (Author)

  11. International energy financing

    International Nuclear Information System (INIS)

    Some of the innovative financing options being considered by developing countries and economies in transition as ways of mobilizing international energy financing are discussed. Build-Own-Operate (BOO) and Transfer (BOOT) is the most commonly adopted approach. This involves limited resource financing of a project on the basis of the associated cash flow and risks and not on the credit of the project owners. The World Bank has set up the Multilateral Investment Guarantee Agency to provide, on a fee basis, guarantees against certain non-commercial forms of risk in order to promote international capital flow to developing countries. In 1989, the World Bank introduced the Expanded Co-financing Operations (ECO) programme as an instrument to catalyze the flow of private finance into developing countries and to improve their access to international financial markets. Other financial instruments currently being established include: leasing of equipment or whole plants by foreign investors; private ownership or operation of generation and distribution facilities; exchange of specific export goods for energy imports; developing instruments to finance local costs; revenue bonds; tax-exempt bonds; sale of electricity futures to those seeking more stable, longer term electricity price contracts. (UK)

  12. Mapping mental health finances in Ghana, Uganda, Sri Lanka, India and Lao PDR

    Directory of Open Access Journals (Sweden)

    de Menil Victoria

    2010-05-01

    Full Text Available Abstract Background Limited evidence about mental health finances in low and middle-income countries is a key challenge to mental health care policy initiatives. This study aimed to map mental health finances in Ghana, Uganda, India (Kerala state, Sri Lanka and Lao PDR focusing on how much money is available for mental health, how it is spent, and how this impacts mental health services. Methods A researcher in each region reviewed public mental health-related budgets and interviewed key informants on government mental health financing. A total of 43 key informant interviews were conducted. Quantitative data was analyzed in an excel matrix using descriptive statistics. Key informant interviews were coded a priori against research questions. Results National ring-fenced budgets for mental health as a percentage of national health spending for 2007-08 is 1.7% in Sri Lanka, 3.7% in Ghana, 2.0% in Kerala (India and 6.6% in Uganda. Budgets were not available in Lao PDR. The majority of ring-fenced budgets (76% to 100% is spent on psychiatric hospitals. Mental health spending could not be tracked beyond the psychiatric hospital level due to limited information at the health centre and community levels. Conclusions Mental health budget information should be tracked and made publically accessible. Governments can adapt WHO AIMS indicators for reviewing national mental health finances. Funding allocations work more effectively through decentralization. Mental health financing should reflect new ideas emerging from community based practice in LMICs.

  13. 中国国债融资功能的反思%The Rethinking of Financing Capability of Public Bonds of China

    Institute of Scientific and Technical Information of China (English)

    何志刚

    2003-01-01

    Government debt financing in china emerged with economic reform, whose purpose is to satisfy theneeds of financing for economic construction. It has the characteristics of state financing in the traditionalsystem. The expansion of the scale of the government debt financing is harmful to the market-orientedreform in financeing system and economic development. From the international experience, the issuing ofgovernment debt can not only satisfy the needs of offsetting deficit budget, but also the needs of theestablishment and perfection of government debt markets. So we must rectify the functions of governmentdebt financing. We argue that the issuing of government debt in china should weaken its financial functionand reinforce its financial market function.

  14. New Issues in Corporate Finance

    OpenAIRE

    Mayer, Colin

    1987-01-01

    Flow of funds data are used to compare methods of financing the corporate sector in five countries over the period 1970-85. Many of the problems associated with previous studies of corporate finance are avoided by defining financing proportions in net terms. The degree of consolidation of accounts, reciprocal arrangements between borrowers and lenders, and compensating deposit requirements on borrowers no longer distort financing patterns when net financing is the focus. Corrections for infla...

  15. Towards convergence and cooperation in the global development finance regime

    DEFF Research Database (Denmark)

    Kragelund, Peter

    2015-01-01

    and economic development. This article critically reviews the most recent developments in Chinese and Organisation for Economic Cooperation and Development (OECD) approaches to development finance to Africa. It argues that although we can detect a number of incidents that point towards more policy space...... for African governments, the revival of China's development finance does not fundamentally alter the power relations between African countries and their financiers, as the tendency now is towards convergence and cooperation between China and Development Assistance Committee (DAC) donors—not divergence...

  16. Advisory Committees.

    Science.gov (United States)

    ERIC Clearinghouse on Educational Management, Eugene, OR.

    This chapter of "The Best of the Best of ERIC," Volume 2, contains 14 summaries of documents and journal articles on citizen advisory committees, all of which are indexed in either "Resources in Education" or "Current Index to Journals in Education." The materials included deal with various aspects of this topic, such as the role of the school…

  17. Budgeting Approaches in Community Colleges

    Science.gov (United States)

    Palmer, James C.

    2014-01-01

    Several budgeting approaches have been initiated as alternatives to the traditional, incremental process. These include formula budgeting; zero-base budgeting; planning, programming, and budgeting systems; and responsibility center budgeting. Each is premised on assumptions about how organizations might best make resource allocation decisions.…

  18. Performance Budgeting in Denmark

    OpenAIRE

    Rikke Ginnerup; Thomas Broeng Jørgensen; Anders Møller Jacobsen; Niels Refslund

    2007-01-01

    This article describes the development and current content of the performance management system in the Danish central government. Since the 1980s, innovations have included results-based management, performance contracts, activity-based budgeting, accrual accounting and budgeting, and the use of evaluations and reports.

  19. Budgeting for fiscal space

    OpenAIRE

    Allen Schick

    2009-01-01

    Fiscal space refers to the financial resources available to a government for policy initiatives through the budget and related decisions. This article reviews the factors that contribute to the shrinkage of fiscal space, considers methods for protecting or enlarging it, and reflects on how budgeting may be recast into a process for explicitly allocating scarce fiscal space.

  20. Learning From Low Budgets

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    Chinese filmmakers turn small-budget productions into box-office successes Organizers of China’s upcoming film festivals are finally giving recognition to the little guys—low budget films—to encourage a generation of young,talented directors.

  1. Preparing the operating budget.

    Science.gov (United States)

    Williams, R B

    1983-12-01

    The process of preparing a hospital pharmacy budget is presented. The desired characteristics of a budget and the process by which it is developed and approved are described. Fixed, flexible, and zero-based budget types are explained, as are the major components of a well-developed budget: expense, workload, productivity, revenue, and capital equipment and other expenditures. Specific methods for projecting expenses and revenues, based on historical data, are presented along with a discussion of variables that must be considered in order to achieve an accurate and useful budget. The current shift in emphasis away from revenue capture toward critical analysis of pharmacy costs underscores the importance of budgetary analysis for hospital pharmacy managers. PMID:6660233

  2. Budget 2011: A budget lacking in ambition

    OpenAIRE

    Dolphin, Tony

    2011-01-01

    Growth is key to the government’s plans for the recovery. Tony Dolphin, Senior Economist at the Institute for Public Policy Research looks at this year’s budget and finds that while it may promote growth now, a broader strategy may be needed in the long term.

  3. Budget requests for FY 1988 nuclear energy up 2.7 % to 369 billion yen

    International Nuclear Information System (INIS)

    Budget appropriations requested for nuclear energy in fiscal 1988 total 369,816 million yen, made up of 182,664 million yen general account and 187,152 million yen special account for power resources development. The increase, 2.7 % up on last fiscal year's appropriations is at the same level as in the previous year in terms of rate. Based on these demands, the government's budget will be drafted after a series of negotiations and coordination with the Ministry of Finance by the end of this year. The demands set out above cover only nuclear energy-related budgets in the overall budget requests made by each administrative agency. (author)

  4. The Balanced Budget Act of 1997: its impact on U.S. teaching hospitals.

    Science.gov (United States)

    Dickler, R; Shaw, G

    2000-05-16

    The Balanced Budget Act of 1997 had a profound impact on the financing and organization of many health care services. The Act disproportionately affected U.S. teaching hospitals, leading to substantial budget reductions in many institutions and the threat of cuts in major programs and services that teaching hospitals provide to communities. This paper examines the overall financial and organizational impact of the Balanced Budget Act on teaching hospitals and considers its effect on residency education. It also discusses to what degree the Balanced Budget Refinement Act of 1999 will mitigate these effects and posits other solutions to the serious financial issues facing teaching hospitals in the United States. PMID:10819706

  5. Evaluation of the Contribution of Construction Professionals in Budgeting for Infrastructure Development in Nigeria

    Directory of Open Access Journals (Sweden)

    Akintayo Opawole

    2012-12-01

    Full Text Available Researchers are of the opinion that the low implementation of public financed infrastructure projects in Nigeria could be correlated to the level of involvement of construction professionals in the budgeting process at macro-level. Though this assertion presently lacks empirical justification, the objective of this study seeks to quantitatively establish this linkage. In order to achieve this, sixteen (16 core budgeting and procurement processes were identified in literature. Furthermore, respondents involved in the study were architects, quantity surveyors, builders, town planners, estate surveyors, engineers (civil, mechanical and electrical, accountants and economists in the public service of Osun State. The fact that infrastructure financing depends majorly on budgetary financing in Osun State provided the justification for choice of the State for the study. Data analysis was through percentage and mean. The study indicates adequate contribution in activities involving post-budgetary process and only progressive trend in pre-budgetary process especially technical and cost evaluation of infrastructure projects and review and approval of budgets for infrastructure projects. Moreover, budgeting process for infrastructure development in Nigeria indicated that majority of projects budgeted for execution lack adequate technical evaluation and cost assessment as a result of inadequate professional involvement. This could be adduced a significant problem of implementation of public financed infrastructure projects in Nigeria. The study provides information on key areas where public policy makers can appropriate construction professionals’ inputs to prepare realistic budget for infrastructure development in developing economy.

  6. Financing and insurance problems

    International Nuclear Information System (INIS)

    The author analyses the papers presented at the Paris Conference on the maturity of nuclear energy. It is evident that financing possibilities will be a determinant factor in the rate of development of nuclear power during the years to come. After having evaluated the capital requirements necessitated for the development of nuclear programmes, the parties intervening have examined the means at the disposal of electricity manufacturers to meet these needs (self-financing, recourse to external financing, regrouping, on an international scale of the electricity manufacturers of the setting up of high capacity plants). As concerns the insurance problems, they are becoming more and more involved as nuclear applications, are further diversified and intensified. The parties intervening have discussed new tarification techniques likely to be applied and pointed out the possibilities offered by regrouping or pooling of insurers (Market Pool) which allow for a maximum of risks to be covered without exceeding the means proper to each company concerned

  7. Budget Constrained Expenditure Multipliers

    OpenAIRE

    Guerra, Ana Isabel; Sancho, Ferrán

    2010-01-01

    We show that standard expenditure multipliers capture economy-wide effects of new government projects only when financing constraints are not binding. In actual policy making, however, new projects usually need financing. Under liquidity constraints, new projects are subject to two opposite effects: an income effect and a set of spending substitution effects. The former is the traditional, unrestricted, multiplier effect; the latter is the result of expenditure reallocation to ...

  8. Whither Multilateral Development Finance?

    OpenAIRE

    Wihtol, Robert

    2014-01-01

    Multilateral development finance is at a critical juncture. In the past 70 years, it has developed through four distinct stages. The Bretton Woods conference established the World Bank and the International Monetary Fund in 1944 to finance post-war reconstruction and stabilize the global economy. The second stage saw the establishment of regional development banks in the 1950s and 1960s. This was followed by the emergence of subregional banks. In the fourth stage, from the mid-1970s to the 20...

  9. Rethinking SMEs’ Financing Predicament

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    A waveofsharpcriticism has been aimed atthebanks concerning the difficulties for China’ss mallandmedium-sized enterprises(SMEs)in acquiring financing,whilethe Central Government began to strongly urge banks to provide loans for SMEs.Shouldall SMEs be financed while the bankst ake theblame?Is there anyother viable way to pull SMEs outof the financial predicament?Qiu Haiping,a professor with the School of Economics at Renmin University of China,recentlye xamined the issue and offered insights in the Guangming Daily.Edited excerpts follow

  10. Guidebook to Geothermal Finance

    Energy Technology Data Exchange (ETDEWEB)

    Salmon, J. P.; Meurice, J.; Wobus, N.; Stern, F.; Duaime, M.

    2011-03-01

    This guidebook is intended to facilitate further investment in conventional geothermal projects in the United States. It includes a brief primer on geothermal technology and the most relevant policies related to geothermal project development. The trends in geothermal project finance are the focus of this tool, relying heavily on interviews with leaders in the field of geothermal project finance. Using the information provided, developers and investors may innovate in new ways, developing partnerships that match investors' risk tolerance with the capital requirements of geothermal projects in this dynamic and evolving marketplace.

  11. Corporate Finance Practices: The Perspective of Qatar Firms

    OpenAIRE

    Haider, Shahrazad Sabri

    2014-01-01

    The purpose of this research was to examine the perceptions of the CFOs of private and listed firms in Qatar on current corporate finance practices and decision making namely, cost of capital, capital budgeting, capital structure, and dividend policy. The research specifically examines the survey responses of CFOs according to CFO’s characteristics and firm’s attributes such as CFO’s education, tenure, age, firm size, sector, equity, and target debt ratio. Using descriptive and exploratory re...

  12. Governing urban finance: changing budgetary strategies in British local government

    OpenAIRE

    P L Pinch

    1995-01-01

    The restructuring of local government finance in Britain is increasingly being viewed as part and parcel of a broader transformation in the capacity for local welfare provision and scope of local governance. The ways in which local authority budgetary processes and strategies have been affected by these changes are examined. It is suggested that, despite strong elements of continuity, significant new developments in local budgeting behaviour are emerging. However, such changes are not univers...

  13. Budget deficit, size of the public sector and majority voting

    OpenAIRE

    Siebel, Jens

    2005-01-01

    In this paper Tabellini’s and Alesina’s (1990) median voter model for the explanation of budget deficits is modified by endogenizing the private sector. Debt finance is supplemented by taxing a private consumption which serves as an additional source of revenue for funding the public sector. The introduction of the private sector enables us to explain the budget balance as a result of political polarization with a left-wing party and a right-wing party having different preferences for the siz...

  14. The capital budgeting manual

    OpenAIRE

    Segelod, Esbjörn

    1995-01-01

    There has been very many postal surveys of capital budgeting practice, but almost no studies of the written routines that fix the practice of those groups that use a capital budgeting manual. This article fills this vacuum by describing and analysing the capital budgeting manuals used by major Swedish groups, most of whom are multinationals. Changes in the manuals during the last 30 years are studied using hvo earlier Swedish studies of manuals from the 60’s and 70’s. Comparisons are made wit...

  15. Project financing versus corporate financing under asymmetric information

    OpenAIRE

    Anton Miglo

    2008-01-01

    In recent years financing through the creation of an independent project company or financing by non-recourse debt has become an important part of corporate decisions. Shah and Thakor (JET, 1987) argue that project financing can be optimal when asymmetric information exists between firm's insiders and market participants. In contrast to that paper, we provide an asymmetric information argument for project financing without relying on corporate taxes, costly information production or an assump...

  16. FY 1997 congressional budget request: Budget highlights

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-03-01

    This is an overview of the 1997 budget request for the US DOE. The topics of the overview include a policy overview, the budget by business line, business lines by organization, crosswalk from business line to appropriation, summary by appropriation, energy supply research and development, uranium supply and enrichment activities, uranium enrichment decontamination and decommissioning fund, general science and research, weapons activities, defense environmental restoration and waste management, defense nuclear waste disposal, departmental administration, Office of the Inspector General, power marketing administrations, Federal Energy Regulatory commission, nuclear waste disposal fund, fossil energy research and development, naval petroleum and oil shale reserves, energy conservation, economic regulation, strategic petroleum reserve, energy information administration, clean coal technology and a Department of Energy Field Facilities map.

  17. PUBLIC FINANCE SUSTAINABILITY IN ROMANIA. RECENT DEVELOPMENTS

    Directory of Open Access Journals (Sweden)

    Mura Petru-Ovidiu

    2015-07-01

    Full Text Available The main objective of this paper is to evaluate the sustainability of public finance in Romania and to explore the fiscal threats Romania might face in the future. A sound fiscal policy implies avoiding excessive liabilities of the government, but at the same time delivering the proper public goods and services, including the necessary safety net in times of crisis. An unsustainable fiscal position negatively impacts on macroeconomic stability; moreover, if public finances are perceived to be unsustainable in the long run, the reaction of the international financial markets could generate a fiscal crisis, which might surprise the fiscal planners. The main findings of the paper are the following: i according to the multidimensional approach of the European Commission, in the short run, it seems that Romania is free from fiscal stress, there is a low risk in the medium term, and in the long run the risk becomes medium; ii a potential medium-term fiscal sustainability risk derives from the accumulation of losses and arrears in the business and companies sectors in which the state is a majority shareholder; iii Romania records one of the lowest budget revenues to GDP ratios in EU, while the Romanian tax system is characterized by a poor tax collection, inefficient administration and excessive bureaucracy; iv the structure of public spending in Romania is characterized by the predominance of wage spending and social assistance, while the poor state of the public pension system is an important vulnerability of the public finance position; v overall, the degree of tax compliance in Romania was only 55.8% in 2013, and according to the calculations made by the Fiscal Council, tax evasion represented 16.2% of GDP in 2013. All these aspects make up a grim picture of sustainability of public finances, which has to be considered by the public decision makers regarding future fiscal policy actions.

  18. The problem of ensuring efficiency of internal control in a budget institution and directions of its solution

    OpenAIRE

    Synyugina Nataliya V.

    2013-01-01

    The article analyses the problem of ensuring efficient and legitimate functioning of the system of state finance in Ukraine. It justifies a necessity of introduction of internal control into budget institutions, which conforms with the Concept of Development of State Internal Financial Control in Ukraine. It identifies tasks of internal control in budget institutions. It identifies general and special criteria of assessment of efficiency of internal control in budget institutions. It offers d...

  19. Hospital financing reform and case-mix measurement: An international review

    OpenAIRE

    Wiley, Miriam M.

    1992-01-01

    A review of reforms in the financing of hospital services in eight European countries and Australia reveals a commitment to a common objective of relating resource use to hospital workload by means of a standardized case-mix framework in the pursuit of greater efficiency. While this objective is also shared with the U.S. prospective payment system (PPS), it is noteworthy that the majority of countries reviewed favor a global budgeting approach to financing hospital services. Ongoing evaluatio...

  20. Mapping mental health finances in Ghana, Uganda, Sri Lanka, India and Lao PDR

    OpenAIRE

    de Menil Victoria; Wood Sarah K; Raja Shoba; Mannarath Saju C

    2010-01-01

    Abstract Background Limited evidence about mental health finances in low and middle-income countries is a key challenge to mental health care policy initiatives. This study aimed to map mental health finances in Ghana, Uganda, India (Kerala state), Sri Lanka and Lao PDR focusing on how much money is available for mental health, how it is spent, and how this impacts mental health services. Methods A researcher in each region reviewed public mental health-related budgets and interviewed key inf...

  1. Financing Business School Education: What Are the Economic Returns and Implications for Africa?

    OpenAIRE

    Murinde, Victor

    2001-01-01

    To be able to finance their physical assets and working capital costs, business schools mainly raise funds from any or a combination of the following: direct funding by the public sector or the government; income from providing educational services; debt (bank and bond); equity by private owners; public-private partnerships; research grants; and private sector endowment funds. This is a financing decision. But, it is the capital budgeting decision that matters! Business schools have to yield ...

  2. Implications of Government Deficits for Interest Rates, Equity Returns and Corporate Financing

    OpenAIRE

    Benjamin M. Friedman

    1984-01-01

    How the financing of government budget deficits affects the structure of expected asset returns depends on assets' relative substitutabilities in investors' aggregate portfolio, and these substitutabilities in turn depend on how investors perceive the risks associated with the respective assets' returns. The empirical results reported in this paper, based on three different ways of representing investors' risk perceptions, consistently indicate that government deficit financing raises expecte...

  3. Local Public Finance Management in the People’s Republic of China: Challenges and Opportunities

    OpenAIRE

    Asian Development Bank

    2014-01-01

    The People’s Republic of China is a highly decentralized unitary state with local governments having a dominant share of public service delivery responsibility. Local governance is critically linked to a local public finance system that creates incentives and accountability mechanisms. To ensure the policy response, this project focused on the three interrelated areas in local public finance management, i.e., local budgeting, local debt management and local taxation, and produced policy optio...

  4. Best in Class: Public Finances in Sweden during the Financial Crisis

    OpenAIRE

    Bergman Michael

    2011-01-01

    This paper studies why public finances in Sweden have remained very strong during the current financial crisis. Unlike almost all other European countries, Sweden has had budget surpluses and a government debt ratio around 40 percent of GDP during the recent crisis. We attribute this to two important factors. First, Sweden entered the crisis with strong public finances and second that unemployment did not rise as much as normally during recessions. The Swedish fiscal framework that was ...

  5. Financing social housing

    Czech Academy of Sciences Publication Activity Database

    Amann, W.; Hegedüs, J.; Lux, Martin; Springler, E.

    New York/Londýn: Routledge, 2013 - (Hegedüs, J.; Lux, M.; Teller, N.), s. 50-64 ISBN 978-0-415-89014-4 R&D Projects: GA ČR GA403/09/1915 Institutional research plan: CEZ:AV0Z70280505 Keywords : Housing finance * transition countries * social housing Subject RIV: AO - Sociology, Demography

  6. Financing emerging energies

    International Nuclear Information System (INIS)

    This paper discusses the financing of emerging energies in Canada. Transforming energy markets will involve billions of dollars of investment from businesses and residents. Many different types of return on investment can be expected. These benefits will continue to grow over time and provide a permanent income

  7. Malliavin calculus in finance

    OpenAIRE

    Kohatsu, Arturo; Miquel, Montero

    2003-01-01

    This article is an introduction to Malliavin Calculus for practitioners. We treat one specific application to the calculation of greeks in Finance. We consider also the kernel density method to compute greeks and an extension of the Vega index called the local vega index.

  8. Filtering in Finance.

    OpenAIRE

    Lautier, Delphine; Javaheri, Alireza; Galli, Alain

    2003-01-01

    In this article we present an introduction to various Filtering algorithms and some of their applications to the world of Quantitative Finance. We shall first mention the fundamental case of Gaussian noises where we obtain the well-known Kalman Filter. Because of common nonlinearities, we will be discussing the Extended Kalman Filter.

  9. Jamaica School Finance

    OpenAIRE

    World Bank

    2012-01-01

    Although the availability of financial resources does not guarantee quality education, it is impossible to achieve this goal without adequate resources which often come from public sources. Understanding how to use resources for education wisely should thus be a top priority for education policymakers. Systems approach for better education results (SABER) school finance informs this conver...

  10. Campaign Finance: Reporter Guide

    Science.gov (United States)

    Wieder, Ben

    2014-01-01

    Campaign finance might seem like the exclusive province of political reporters, but there are many good reasons why authors should be paying attention--both in races for education positions and in other key races at the local, state, and federal levels with implications for education. Basic math is a necessary skill and familiarity with a…

  11. Specialized financing techniques

    International Nuclear Information System (INIS)

    Specific financing techniques applicable to wind energy projects in Canada are discussed. A limited partnership is the classic Canadian approach to tax-advantaged financing. For a typical wind project, the limited partners would get an internal rate of return of around 8% over 20 years as well as income tax deductions on Class 34 investments. This rate can be improved if the investors borrow some of the money; they get tax-free cash flow while having deductible loan interest, raising their rate of return after taxes to ca 9-10%. Special situation investors can get to take all of the Class 34 deduction right away, raising their return up to the 12% range. These investors include principal business corporations (such as utilities or oil companies), or companies who have sold their business. A second type of financing structure is related to inflation-indexed debt. The loan is structured like a mortgage, with the annual payments indexed to inflation but nevertheless low enough to provide an early positive cash flow from the project. Other possible financing structures are the immigrant investor fund and the provincial incentive corporations

  12. Financing Public Library Construction.

    Science.gov (United States)

    Rohlf, Robert H.; Stoffel, Lester L.

    1987-01-01

    Reviews financing options available to Illinois public libraries for construction or expansion, including general obligation bonds, mortgage funds, building reserve funds, building fund levies, lease back arrangements, sale of air or ground development rights, interest on special funds, gift funds and grants, Library Service and Construction Act…

  13. Financing a nuclear programme

    International Nuclear Information System (INIS)

    Nuclear power plant construction projects have many characteristics in common with other types of large infrastructure investment, both within the power generation sector and elsewhere. However, nuclear power itself has special features that can make nuclear financing particularly challenging. These features include the high capital cost, the relatively long period required to recoup investments, the often controversial nature of nuclear projects. The need for clear solutions and financing schemes for radioactive waste management and decommissioning and the need for nuclear power plants to operate at high capacity factors, preferably under base load conditions. During the previous major expansion of nuclear power in the 1970 and 1980, many nuclear projects suffered very large construction delays and cost overruns. The legacy of such problems increases the risks perceived by potential investors. A recent study undertaken jointly by the Iea and the Nea showed that the competitiveness of nuclear power strongly depends on the cost of financing due to the high share of fixed capital costs in the total lifetime costs of nuclear power. A key issue in this context is the long-term predictability of carbon pricing arrangements, which, for the time being and despite positive evolutions in this respect, most notably in Europe, does not yet exist. This paper will consider how the risks can be mitigated and examine in detail various models for corporate finance and the role of government assistance in providing a suitable financial basis. (Author)

  14. Copulas for finance

    OpenAIRE

    Bouye, Eric; Durlleman, Valdo; Nikeghbali, Ashkan; Riboulet, Gaël; Roncalli, Thierry

    2000-01-01

    Copulas are a general tool to construct multivariate distributions and to investigate dependence structure between random variables. However, the concept of copula is not popular in Finance. In this paper, we show that copulas can be extensively used to solve many financial problems.

  15. Financing of Renewable Energy Projects

    International Nuclear Information System (INIS)

    The paper describes the role of the Banco Centroamericano de Integracion Economica in financing renewable energy projects in Central America. Also decribes the different financing modes to the goverment and private sectors

  16. From Finance Capitalism to Financialization

    DEFF Research Database (Denmark)

    Hansen, Per H.

    2014-01-01

    In this article I interpret 150 years of financial history with a focus on shifts in the role of finance in society. I argue that over time the role of finance has shifted twice from that of servant to that of master of society, and that this process has been driven by sense making through...... narratives that legitimized and shaped these changes. When finance became a master rent seeking, cultural capture and out-of control financial innovation resulted in financial and social instability. Finance as a master was the characteristic of finance capitalism from around 1900......–1931 and of financialization from around 1980 to today. Finance capitalism and financialization were enabled by a dominant narrative that legitimized the power of finance. The shifts in the role of finance happened when crises undermined the meaning of the existing narrative and created for a new narrative able to make sense...

  17. Budget Automation System

    Data.gov (United States)

    U.S. Environmental Protection Agency — BAS is the central Agency system used to integrate strategic planning, annual planning, budgeting and financial management. BAS contains resource (dollars and FTE),...

  18. Best in class: Public finances in Sweden during the financial crisis

    Directory of Open Access Journals (Sweden)

    Bergman Michael

    2011-01-01

    Full Text Available This paper studies why public finances in Sweden have remained very strong during the current financial crisis. Unlike almost all other European countries, Sweden has had budget surpluses and a government debt ratio around 40 percent of GDP during the recent crisis. We attribute this to two important factors. First, Sweden entered the crisis with strong public finances and second that unemployment did not rise as much as normally during recessions. The Swedish fiscal framework that was introduced after the banking crisis in the early 1990s with expenditure ceilings, a top-down budget process, balanced budget requirement for local governments has played an important role. We show that the behavior of budget deficits has changed significantly recently, from a deficit bias to a surplus bias. Aggregate demand remained strong during the crisis even though exports fell sharply. As unemployment in the manufacturing sector increased, it was to a large extent offset by increased employment in the service sector.

  19. Why budget accountability fails? The elusive links between parliaments and audit agencies in the oversight of the budget

    Directory of Open Access Journals (Sweden)

    CARLOS SANTISO

    2015-09-01

    Full Text Available ABSTRACTParliaments and audit agencies have critical and complementary roles in the oversight of the budget and the enforcement of government accountability. Yet, the nexus between parliaments and audit agencies is one of the weakest links in the accountability chain, generating an accountability gap in the budget process. This articles analyses the interactions between parliaments and audit agencies in the oversight of government finances during the latter stages of the budget process. Using proxies to evaluate the quality of those linkages, such as the follow-up to audit findings and the discharge of government, it shows important dysfunctions in the interactions between parliaments and audit agencies due to a combination of technical capacity constraints and political economy disincentives. It suggests that the effective functioning of the system of checks and balances in public budgeting critically hinges on the agility of the linkages between accountability institutions. As such, the failure of budget accountability is due to systemic dysfunctions in the systems of accountability, rather than the failure of an individual accountability institution acting in isolation. In addition, the effectiveness of the horizontal accountability architecture depends on the political economy incentives shaping the budget process, which are generated by the interactions between the choice of institutional design and budget rules, with the degree of political competition and electoral rules.

  20. Cyclical budget balance measurement

    OpenAIRE

    C. AUDENIS; C. PROST

    2000-01-01

    Government balances are often adjusted for changes in economic activity in order to draw a clearer picture of the underlying fiscal situation and to use this as a guide to fiscal policy analysis. International organisations estimate the cyclical component of economic activity by the current level of the output gap. Using elasticities of tax and public expenditures to GDP, they compute the cyclical part of budget balance. The structural budget balance is defined as the remainder. Our approach ...

  1. Gender budget pilot project

    OpenAIRE

    Barry, Ursula; Pillinger, Jane; Quinn, Sheila; Cashman, Aileen

    2004-01-01

    This Report presents the findings of the first Irish research project on gender budgeting. It explores recent international and Irish experiences of strategies towards greater gender equality and develops a template for applying a gender budget approach in selected local development organisations. The research was funded by the Gender Equality Unit of the Department of Justice, Equality and Law Reform who have responsibility for promoting and monitoring gender mainstreaming in the Irish Natio...

  2. Learning From Low Budgets

    Institute of Scientific and Technical Information of China (English)

    TANG YUANKAI

    2011-01-01

    Organizers of China's upcoming film festivals are finally giving recognition to the little guys-low budget films-to encourage a generation of young,talented directors.Several nominees were announced on September 10 to compete for the Small-and Medium-Budget Film Prize of the annual Golden Rooster and Hundred Flowers Film Festival,which will kick off on October 19.

  3. ISLAMIC FINANCE – UNDERGRADUATE EDUCATION

    OpenAIRE

    TAHIR, SAYYID

    2009-01-01

    Islamic finance literacy has become critical for the future growth of the Islamic financial sector in the twenty-first century. While a multi-pronged approach is called for, the focus in this paper is on the undergraduate programs in Islamic banking and finance. It analyses the state of teaching of Islamic banking and finance at the undergraduate level and proposes solutions for improving the undergraduate education of Islamic banking and finance.

  4. The Challenge of Islamic Finance

    OpenAIRE

    Sheng, Andrew; Singh, Ajit

    2012-01-01

    From its humble beginnings in the 1990s, Islamic finance has become a trillion US dollar industry. The market consensus is that Islamic finance has a bright future due to favourable demographics and rising incomes in the Muslim community. Moreover, despite voices sceptical of an accommodation between Islamic and global finance, leading global banks are buying Islamic bonds and forming subsidiaries specially to conduct Islamic finance business. Special laws have been passed in non-Muslim fi...

  5. An Overview of Islamic Finance

    OpenAIRE

    Mumtaz Hussain; Asghar Shahmoradi; Rima Turk

    2015-01-01

    Islamic finance has started to grow in international finance across the globe, with some concentration in few countries. Nearly 20 percent annual growth of Islamic finance in recent years seems to point to its resilience and broad appeal, partly owing to principles that govern Islamic financial activities, including equity, participation, and ownership. In theory, Islamic finance is resilient to shocks because of its emphasis on risk sharing, limits on excessive risk taking, and strong link t...

  6. Private finance and public policy

    OpenAIRE

    Garry J. Schinasi

    2006-01-01

    This paper articulates a logical foundation-drawn from disparate literatures-for understanding why safeguarding financial stability is an important economic policy objective. The paper also explains why private aspects of finance provide broader social economic benefits and have the characteristics of public goods. Unique aspects of finance are examined, as are the linkages between finance, money, and the real economy. Sources of market imperfections in finance are identified and their implic...

  7. FINANCING DECISION AND CORPORATE GOVERNANCE

    OpenAIRE

    ANDREI STANCULESCU; DAN NICOLAE IVANESCU; PETRE BREZEANU

    2011-01-01

    This paper sustains the existence of a biunivocal link between a company’s financing decision and the corporate governance. On the one hand, the financing decision has an impact on corporate performance, which has been confirmed. According to the agency theory, the financing decision will contribute to solving interest conflicts between shareholders and managers. On the other hand, the corporate governance mechanism provides the proper contractual framework for attracting financing resources....

  8. Projects Financing from EU Funds

    OpenAIRE

    Prokešová, Lenka

    2011-01-01

    The diploma thesis is evaluating financing of certain project from EU funds and further comparison with other financing methods. At the end there is final evaluation if financing of this project can be sourced from EU funds. In theoretical part of work there are characteristics of structural and regional policies with financing from EU funds. Focus is for Operational Program Enterprise and Innovations, Program of support development. In practical part there is continuation of company introduc...

  9. Impact: What Influences Finance Research?

    OpenAIRE

    Tom Arnold

    2003-01-01

    Which journal articles have had the most impact on finance research? Which journals dominated finance research in the 1990s? We answer these and similar questions using a comprehensive sample of journals, an extensive time period, and a new ranking method that avoids problems inherent in the existing literature. Among our findings: six of the 10 articles most highly cited by finance journals were published in econometrics or economics journals; Journal of Finance has the most citations, but i...

  10. Congress trims NSF budget

    Science.gov (United States)

    Maggs, William Ward

    The last-minute spending bill adopted by Congress just before its 1987 holiday recess provides $1,717 billion for the National Science Foundation (NSF) for fiscal year (FY) 1988. The approved figure is more than 9% lower than the request in President Reagan's budget plan. In addition, wording in the House version of the bill that mandated protection of ocean science and women and minorities programs did not appear in the final product that was approved by Congress and signed into law.In absolute terms, NSF's budget will be 6% more than in 1987, far less than expected by the agency and the White House, which had proposed a doubling of NSF's budget over the next several years. The Research and Related Activities section of the budget, out of which comes the bulk of NSF's support of basic research, was funded at $1,453 billion, $200 million less than its $1,653 billion request, and the Antarctic Research section received $124.8 million of $143 million in the President's budget. Science Education, on the other hand, was budgeted for $139.2 million, $25 million more than requested.

  11. Financing off-grid sustainable energy access for the poor

    International Nuclear Information System (INIS)

    This paper examines the role of public instruments in promoting private finance to achieve off-grid sustainable energy access. Renewable energy technologies are increasingly becoming the cheapest solutions for off-grid energy access. The dramatic uptake of mobile phones in developing countries shows how quickly decentralized services can develop on a commercial basis under the right conditions, and raises the prospect that private finance could also drive decentralized energy access for the poor. Indeed, there are already a number of instances of clean energy solutions – such as solar portable lights, household biogas units or solar home systems – that have managed to scale-up through leveraging private finance. However, the experience gained from first-generation market development projects show that, in almost all cases, significant public resources have been necessary to increase the affordability of clean energy technologies, provide access to financing for the poor, and remove non-economic barriers. Such public interventions may be funded by international public finance, domestic budgets and carbon finance. Despite mounting fiscal constraints facing governments worldwide, the emergence of new sources of climate finance and the political momentum in support of energy subsidy reforms, as well as new programming modalities, offer opportunities to leverage additional resources to achieve universal energy access by 2030. - Highlights: ► Renewable energy is increasingly the cheapest solution for off-grid energy access. ► Universal access to energy now depends less on technology and more business models. ► Substantial public finance will still be required to support universal energy access.

  12. 75 FR 6063 - Committee on Equal Opportunities in Science and Engineering (CEOSE); Notice of Meeting

    Science.gov (United States)

    2010-02-05

    ... Science Foundation Performance and Budget in General. Social, Behavioral, and Economic Sciences... From the Federal Register Online via the Government Publishing Office NATIONAL SCIENCE FOUNDATION Committee on Equal Opportunities in Science and Engineering (CEOSE); Notice of Meeting In accordance...

  13. 75 FR 8997 - NASA Advisory Council; Science Committee; Earth Science Subcommittee; Meeting

    Science.gov (United States)

    2010-02-26

    ... SPACE ADMINISTRATION NASA Advisory Council; Science Committee; Earth Science Subcommittee; Meeting... Aeronautics and Space Administration (NASA) announces a meeting of the Earth Science Subcommittee of the NASA... following topics: --Earth Science Division Budget Update --Science Mission Directorate Science Plan...

  14. Subnational Health Spending and Soft Budget Constraints in OECD Countries

    OpenAIRE

    Ernesto Crivelli; Adam Leive; Thomas Stratmann

    2010-01-01

    Government spending on health has grown as a percent of GDP over the last 40 years in industrialized countries. Widespread decentralization of healthcare systems has often accompanied this increase in spending. In this paper, we explore the effect of soft budget constraints on subnational health spending in a sample of OECD countries. We find countries where subnational governments rely primarily on central government financing and enjoy large borrowing autonomy have higher healthcare spendin...

  15. Energy management in the budget proposal for the year 1988

    International Nuclear Information System (INIS)

    In the item 32.55 of the state budget proposal for the year 1988 the total amount of FIM 182 million has been reserved for energy management. This is over FIM 10 million less than the corresponding appropriation in 1987. In addition to this direct financing the state promotes and develops the Finnish energy management indirectly e.g. through energy research funded by the Technical Research Centre of Finland. In the article the use of the appropriation is described

  16. Medicaid Expenditures and State Budgets: Past, Present, and Future

    OpenAIRE

    Marton, James; Wildasin, David E.

    2007-01-01

    Rapid spending growth has made Medicaid a major element in state budgets; financial support from Federal matching grants is now a main component of state government revenues and of intergovernmental fiscal relations. We discuss recent, ongoing, and prospective reforms of intergovernmental finances and regulations, including the 1996 welfare reform, the introduction of Medicare Part D, Section 1115 waivers, SCHIP reauthorization, and a shift to block grants. Each would affect the assignment of...

  17. Challenges, Growth and Opportunity: A Shadow Federal Budget for 2015

    OpenAIRE

    William B.P. Robson; Alexandre Laurin

    2015-01-01

    The 2015 edition of the C.D. Howe Institute’s annual Shadow Federal Budget lays out a prudent fiscal course in the face of a challenging world economic environment, bolstering the confidence of Canadians in the sustainability of their public finances. It supports economic growth with tax changes and investments that support business investment and job creation. And it enhances opportunities for Canadians by investing in their skills for the workplace and better preparing them for retirement. ...

  18. Information,Informal finance,and SME financing

    Institute of Scientific and Technical Information of China (English)

    LIN Justin Yifu; SUN Xifang

    2006-01-01

    Informal finance exists extensively and has been playing an important role in small-and medium-sized enterprise (SME) financing in developing economies,This paper tries to rationalize the extensiveness of informal finance.SME financing suffers more serious information asymmetry to the extent that most SMEs are more opaque and can only provide less collateral.Informal lenders have an advantage over formal financial institutions in collecting "soft information" about SME borrowers.This paper establishes a model including formal and informal lenders and high-and low-risk borrowers with or without sufficient collateral and shows that the credit market in which informal finance is eliminated will allocate funds in some inefficient way,and the efficiency of allocating credit funds can be improved once informal finance is allowed to coexist with formal finance.

  19. THEORETICAL AND PRACTICAL CONSIDERATIONS ON FINANCIAL AUTONOMY AND BALANCE LOCAL BUDGETS IN ROMANIA

    Directory of Open Access Journals (Sweden)

    POPEANGĂ VASILE NICOLAE

    2015-03-01

    Full Text Available In order to meet the needs of local interest, the state is obliged to organize and operate a system of economic and social relations, in cash, whose purpose is the creation and distribution of funds into local financial resources. This set of relationships is known as local finance. "Local Public Finance is the work of local governments in their capacity as user of special techniques, financial, such as the budget, taxes, fees, allowances, expenses, loans etc."

  20. THEORETICAL AND PRACTICAL CONSIDERATIONS ON FINANCIAL AUTONOMY AND BALANCE LOCAL BUDGETS IN ROMANIA

    OpenAIRE

    POPEANGĂ VASILE NICOLAE

    2015-01-01

    In order to meet the needs of local interest, the state is obliged to organize and operate a system of economic and social relations, in cash, whose purpose is the creation and distribution of funds into local financial resources. This set of relationships is known as local finance. "Local Public Finance is the work of local governments in their capacity as user of special techniques, financial, such as the budget, taxes, fees, allowances, expenses, loans etc."

  1. On Standards of Budget Funding and Adjusting the Fees in State Universities

    OpenAIRE

    Tatiana Klyachko; Sergey Sinelnikov-Murylev

    2013-01-01

    The paper analyzes the implications of the financial regulations implementing a state order (standards of budget financing based on one student) in the higher education system and the use of them to regulate fees in the universities. It is demonstrated that the establishment of standards in the field of budgetary financing (field of study) does not allow to pay attention to differences in historical property complexes, schools, differences in socio-economic position of the Russian Federation ...

  2. The Staff Association, TREF, Finance Committee and CERN Council

    CERN Multimedia

    Staff Association

    2016-01-01

    The Staff Association, following its participatory and consensual approach, always tries to find the best possible agreements for the Organization and its staff. For this our main assets are in discussion and consultation with the management, explanatory work and persuasion at TREF, and in other meetings, with delegates from Member States. TREF (Tripartite Employment Conditions Forum), a forum for exchange and discussion "The objective of the Forum is to improve the decision-making process by giving those concerned the opportunity and time to understand fully the positions of all participants." (CERN / RTG / 8) The Tripartite Forum on Employment Conditions (TREF) was created by CERN Council in June 1994 and is composed of representatives of the Member States, the Management and the Staff Association. The forum is tasked with the studies of remuneration and employment conditions at CERN and does not have decision authority. As its name suggests, TREF allows an exchange of views between the th...

  3. Project financing renewable energy schemes

    International Nuclear Information System (INIS)

    The viability of many Renewable Energy projects is critically dependent upon the ability of these projects to secure the necessary financing on acceptable terms. The principal objective of the study was to provide an overview to project developers of project financing techniques and the conditions under which project finance for Renewable Energy schemes could be raised, focussing on the potential sources of finance, the typical project financing structures that could be utilised for Renewable Energy schemes and the risk/return and security requirements of lenders, investors and other potential sources of financing. A second objective is to describe the appropriate strategy and tactics for developers to adopt in approaching the financing markets for such projects. (author)

  4. The Centrality of Finance

    OpenAIRE

    Tabb, William K.

    2015-01-01

    In the contemporary conjuncture financialization is driving a fundamentalreorganization of American capitalism and increasingly that of other economiessignificantly impacting the trajectory of the world-system. This paper interrogates the nature and extent of financialization, the ways it is adding to systemic risk with attention to the future of the dollar, and implications for the relationship between US based finance and new emerging centers of the world-system.

  5. The Centrality of Finance

    Directory of Open Access Journals (Sweden)

    William K. Tabb

    2015-08-01

    Full Text Available In the contemporary conjuncture financialization is driving a fundamentalreorganization of American capitalism and increasingly that of other economiessignificantly impacting the trajectory of the world-system. This paper interrogates the nature and extent of financialization, the ways it is adding to systemic risk with attention to the future of the dollar, and implications for the relationship between US based finance and new emerging centers of the world-system.

  6. Mathematical Models in Finance

    OpenAIRE

    Halim Kazan; Ahmet Ergülen

    2005-01-01

    Finance is the corner stone of the free enterprise system. Good financial management is therefore vitally important to the economic health of business firms, and thus the nation and the world. The field is relatively complex, and it is undergoing constant change in response to shifts in economic conditions say Brigham and Gapenski in the introduction of their Financial Management book (Brigham, Eugene F., Gapenski, Louis C 1994). As they said the field is relatively complex since most of the ...

  7. Innovation, Trade and Finance

    OpenAIRE

    Egger, Peter; Keuschnigg, Christian

    2010-01-01

    This paper proposes a model where heterogeneous firms choose whether to undertake R&D or not. Innovative firms are more productive, have larger investment opportunities and lower own funds for necessary tangible continuation investments than non-innovating firms. As a result, they are financially constrained while standard firms are not. The efficiency of the financial sector and a country's institutional quality relating to corporate finance determine the share of R&D intensive firms and the...

  8. Private finance. Oz trials.

    Science.gov (United States)

    West, P

    1999-08-19

    Privatization of a public sector general hospital in Adelaide, Australia, five years ago has revealed the strengths of the model and the difficulties of contracting with the private sector. Managers believe the new model has reduced overstaffing and increased local management. There have been continual contracting problems and the hospital has made losses, almost from the start. Private finance initiative contracts may always be difficult to negotiate and sustain. PMID:10662311

  9. Islamic finance in Europe

    OpenAIRE

    WILSON, RODNEY

    2013-01-01

    Islam all too often resonates negatively in Europe, with a great part of non-Muslim public opinion uncomfortable with Islamic culture and values. Secular and Christian opinion is at best suspicious of shariah, Islamic law, and indeed often antagonistic. The notion of wanting to apply shariah principles to banking and finance is treated with scepticism if not outright hostility, especially as there is no concept of Christian or Jewish banking, even if there are some parallels between shariah f...

  10. When Art & Finance Collide

    Institute of Scientific and Technical Information of China (English)

    Yu Lintao

    2011-01-01

    CHINA'S art market is on fire.As sales and prices break records,a new force has appeared in the market-organized art finance in the form of art trust funds and artwork exchanges.It was reported that the anonymous winner of the bid for the Song Dynasty calligraphy work Dizhuming by Huang Tingjian (1045-1105).which was sold for a staggering 436.

  11. Financing Vocational Education

    OpenAIRE

    DURNALI, Mehmet

    2015-01-01

    The aim of this study is to establish a framework for the financing of Turkey's vocational education system. The literature review is conducted for this study. In addition, one to one consultation with relevant experts from General Directorate of Vocational and Technical Education (of Ministry of National Education, Republic of Turkey) is executed and related regulations, circulars and laws are identified. Moreover, the recent restructuring of vocational training and the student's educational...

  12. Financing ASEAN Connectivity

    OpenAIRE

    Fauziah ZEN; Regan, Michael

    2013-01-01

    This report gives deeper insights on how the infrastructure development is being funded in different ASEAN Member States (AMSs) for ASEAN Connectivity. In this regards, the Public-Private Partnership (PPP) Program is also seen as one way to help build the infrastructure in ASEAN. The AMSs are having different levels of infrastructure policy, financing method and financial capacity. The PPP Program has been significantly developed and utilized in Malaysia, Indonesia, Thailand and the Philippin...

  13. Financing Old Age Dependency

    OpenAIRE

    Shinichi Nishiyama; Kent Smetters

    2014-01-01

    Baby boomers are now retiring in large numbers, and most do not have enough assets of their own to finance retirement. Social insurance programs help baby boomers afford retirement, but these programs are substantially underfunded. Reforming these institutions earlier will produce fewer distortions than continued delays. Several options also exist for helping households prepare for their own retirement: improving financial literacy, more opt-out defaults, better guidance about the value of de...

  14. Finance and Balanced Growth

    OpenAIRE

    Trew, Alex

    2010-01-01

    We study the relationships between various concepts of financial development and balanced economic growth. A model of endogenous growth that incorporates roles for both financial efficiency and access to financial services permits a better understanding of the relationship between the size of the financial sector (value added) and growth. Higher financial value added results from some, but not all, kinds of finance-driven growth. If greater access rather than greater efficiency generates high...

  15. Financing Public Service Broadcasting

    DEFF Research Database (Denmark)

    Berg, Christian Edelvold; Lund, Anker Brink

    2012-01-01

    Recently several European countries have abolished the traditional public service licence fee system, replacing it with direct public funding. But except for Iceland, the Nordic countries have not followed suit. The article discusses this development within a comparative framework of Public Service...... Broadcasting (PSB) financing regimes in Europe, concluding that Denmark, Finland, Iceland, Norway, and Sweden may still be considered conventional, licence fee PSB countries, but with some interesting differences in relation to competitive and market oriented alternatives of resource provision...

  16. Social security financing.

    Science.gov (United States)

    1980-05-01

    After nearly 2 years of study, the 1979 Advisory Council on Social Security submitted its findings and recommendations in December. In February the Bulletin published the Executive Summary of the Council's report. Because of the continuing wide public interest in the future of social security financing, the Council's detailed findings and recommendations on that subject are published below. The Council unanimously reports that all current and future beneficiaries can count on receiving the payments to which they are entitled. Among the recommendations it calls for are partial financing with nonpayroll-tax revenues. Suggested changes include hospital insurance (HI) financed through portins of personal and corporate income taxes and a part of the HI insurance payroll tax diverted to cash benefits with the balance of this tax repealed. The Council also recommends that the social security cash benefits program be brought into long-run actuarial balance--with a payroll-tax rate increase in the year 2005. It rejects the idea of a value-added tax as being inflationary. Parenthetical remarks represent additional views of the Council members cited. PMID:7423348

  17. Corporate Rent-Seeking and the managerial soft-budget constraint

    OpenAIRE

    Rodolfo Apreda

    2004-01-01

    This paper seeks to expand on two topical strands in Government Finance and Political Science literature, rent-seeking and the soft-budget constraint, so as to bring forth a strong linkage with corporate governance environments. It will attempt to accomplish this task by setting up a distinctive framework of analysis that hinges on incremental cash flows. Firstly, it claims that both rent-seeking behavior and the soft-budget constraint are worthy of being applied to corporate governance learn...

  18. Four Papers on Top Management's Capital Budgeting and Accounting Choices in Practice

    OpenAIRE

    Hartwig, Fredrik

    2012-01-01

    This thesis contributes to an understanding of capital budgeting and accounting practice. The factors affecting practice are of special research interest. It is also investigated whether practice diverges from what is prescribed by finance text books and accounting standards/frameworks. The overarching research question posed in this thesis is: “What capital budgeting and accounting choices are made by top management in practice, and how can these choices be explained?”. The thesis consists o...

  19. The Affect of The Relationship Between Budget Participation And Job-Relevant Information on Managerial Performance

    OpenAIRE

    2010-01-01

    This study reports the results of the empirical study which designed to assess the relationship of budget participation and job-relevant information to managerial performance among subordinates in 150 firms. To test the proposed relationship, the survey was applied on accounting and finance managers of 150 businesses, which were among the top 500 businesses in Turkey in 2006. The results of the study consistent with the proposition that subordinates with high performance tend to use budget pa...

  20. Budget Deficits and Interest Rates: An Empirical Analysis for Turkey

    Directory of Open Access Journals (Sweden)

    Tayfur BAYAT

    2012-05-01

    Full Text Available The aim of this study is to analyze causality between budget deficits and its ratio to gross domestic product and interest rate in the Turkish economy during years between 2006 and 2011. By doing so, we investigate the validity of crowding out view against the Ricardian equivalence hypothesis. To this end, we employee the conventional Toda-Yamamoto (1995 linear Granger type causality test and Hacker and Hatemi-J (2005, 2006 bootstrap process-based Toda-Yamamoto linear Granger type causality test. In this regard, we use Kwiatkowski, Phillips, Schmidt and Shin (1992, KPSS and Elliot, Rothenberg, Stock (1996, DF-GLS unit root tests. Analysis results show that there is no causal relation between budget deficits, budget deficit ratio to gross domestic product and nominal interest rate. Results reveal the existence of Ricardian equivalence hypothesis. Rational household predict that there is no difference between payment time of taxes and they know that expansionary fiscal policies financed by loan do not affect aggregate demand and capital allocation in a full-employment economy via nominal interest rate channel. Results of empirical analysis support Ricardian equivalence hypothesis and imply that there is no effect of financing type of budget deficit on nominal interest rate.

  1. Verification of uncertainty budgets

    DEFF Research Database (Denmark)

    Heydorn, Kaj; Madsen, B.S.

    2005-01-01

    , because their influence requires samples taken at long intervals, e.g., the acquisition of a new calibrant. It is therefore recommended to include verification of the uncertainty budget in the continuous QA/QC monitoring; this will eventually lead to a test also for such rarely occurring effects....... full range of matrices and concentrations for which the budget is assumed to be valid. In this way the assumptions made in the uncertainty budget can be experimentally verified, both as regards sources of variability that are assumed negligible, and dominant uncertainty components. Agreement between...... observed and expected variability is tested by means of the T-test, which follows a chi-square distribution with a number of degrees of freedom determined by the number of replicates. Significant deviations between predicted and observed variability may be caused by a variety of effects, and examples will...

  2. 25 CFR 170.300 - May tribes use flexible financing to finance IRR transportation projects?

    Science.gov (United States)

    2010-04-01

    ... 25 Indians 1 2010-04-01 2010-04-01 false May tribes use flexible financing to finance IRR... Financing § 170.300 May tribes use flexible financing to finance IRR transportation projects? Yes. Tribes may use flexible financing in the same manner as States to finance IRR transportation projects,...

  3. Executive Committee. AGB Standing Committee Series.

    Science.gov (United States)

    Ingram, Richard T.

    1985-01-01

    The structure and functions of the college executive committee are discussed. This committee is pivotal to the effective functioning of the board and to the support of the chairperson and the chief executive in their leadership roles. The committee can act on its own provided it does not assume powers specifically reserved for the board. The…

  4. 77 FR 41476 - Departmental Offices; Debt Management Advisory Committee Meeting

    Science.gov (United States)

    2012-07-13

    ... Departmental Offices; Debt Management Advisory Committee Meeting Notice is hereby given, pursuant to 5 U.S.C... Pennsylvania Avenue NW., Washington, DC, on July 31, 2012 at 9:30 a.m. of the following debt management... representatives of the financial community prior to making its final decisions on major financing...

  5. 75 FR 1839 - Departmental Offices; Debt Management Advisory Committee Meeting

    Science.gov (United States)

    2010-01-13

    ... Departmental Offices; Debt Management Advisory Committee Meeting Notice is hereby given, pursuant to 5 U.S.C... Pennsylvania Avenue, NW., Washington, DC, on February 2, 2010 at 8:30 a.m. of the following debt management... representatives of the financial community prior to making its final decisions on major financing...

  6. 76 FR 2952 - Departmental Offices; Debt Management Advisory Committee Meeting

    Science.gov (United States)

    2011-01-18

    ... Departmental Offices; Debt Management Advisory Committee Meeting Notice is hereby given, pursuant to 5 U.S.C... Pennsylvania Avenue, NW., Washington, DC on February 1, 2011 at 11:30 a.m. of the following debt management... representatives of the financial community prior to making its final decisions on major financing...

  7. 75 FR 63541 - Departmental Offices; Debt Management Advisory Committee Meeting

    Science.gov (United States)

    2010-10-15

    ... Departmental Offices; Debt Management Advisory Committee Meeting Notice is hereby given, pursuant to 5 U.S.C... Pennsylvania Avenue, NW., Washington, DC, on November 2, 2010 at 10 a.m. of the following debt management... financial community prior to making its final decisions on major financing operations. Historically,...

  8. 76 FR 20819 - Departmental Offices; Debt Management Advisory Committee Meeting

    Science.gov (United States)

    2011-04-13

    ... Departmental Offices; Debt Management Advisory Committee Meeting Notice is hereby given, pursuant to 5 U.S.C... Pennsylvania Avenue, NW., Washington, DC, on May 3, 2011 at 11:30 a.m. of the following debt management... representatives of the financial community prior to making its final decisions on major financing...

  9. 75 FR 39729 - Departmental Offices; Debt Management Advisory Committee Meeting

    Science.gov (United States)

    2010-07-12

    ... major financing operations. Historically, this advice has been offered by debt management advisory... Departmental Offices; Debt Management Advisory Committee Meeting Notice is hereby given, pursuant to 5 U.S.C..., at 806 15th Street, NW., Washington, DC, on August 3, 2010 at 10 a.m. of the following...

  10. 78 FR 3498 - Debt Management Advisory Committee Meeting

    Science.gov (United States)

    2013-01-16

    ... Departmental Offices Debt Management Advisory Committee Meeting Notice is hereby given, pursuant to 5 U.S.C... Pennsylvania Avenue, NW.,Washington, DC, on February 5, 2013 at 11:30 a.m. of the following debt management... the financial community prior to making its final decisions on major financing...

  11. 78 FR 41832 - Departmental Offices; Debt Management Advisory Committee Meeting

    Science.gov (United States)

    2013-07-11

    ... Departmental Offices; Debt Management Advisory Committee Meeting Notice is hereby given, pursuant to 5 U.S.C... Pennsylvania Avenue NW., Washington, DC, on July 30, 2013 at 9:30 a.m. of the following debt management... representatives of the financial community prior to making its final decisions on major financing...

  12. 75 FR 18259 - Departmental Offices; Debt Management Advisory Committee Meeting

    Science.gov (United States)

    2010-04-09

    ... Departmental Offices; Debt Management Advisory Committee Meeting Notice is hereby given, pursuant to 5 U.S.C... Pennsylvania Avenue, NW., Washington, DC, on May 4, 2010 at 11:30 a.m. of the following debt management... representatives of the financial community prior to making its final decisions on major financing...

  13. Executive committee

    Science.gov (United States)

    Xiao, Guoqing; Cai, Xiaohong; Ding, Dajun; Ma, Xinwen; Zhao, Yongtao

    2014-04-01

    ChairVice Chair Toshiyuki AzumaRoberto Rivarola Atomic, Molecular & Optical Physics LabUniversidad Nacional de Rosario and Advanced Science InstituteInstituto de Fisica Rosario RIKEN, JapanRosario, Argentina SecretaryMembers Dominique VernhetJoachim Burgdörfer, Austria Institut des NanoSciences de Paris Birgit Lohmann, Australia Université Pierre et Marie Curie Hossein Sadeghpour, USA Paris, FranceThomas Stöhlker, Germany Past ChairJim McCann, UK Barry DunningGuoqing Xiao, China Physics & AstronomyXiaohong Cai, China Rice University, HoustonXinwen Ma, China Texas, USAYongtao Zhao, China TreasurerFernando Martin, Spain Henrik CederquistLuis Mendez, Spain Alba Nova University CenterAnatoli Kheifets, Australia Stockholm University Stockholm, Sweden Details of the general committee are available in the PDF

  14. Relationship finance, market finance and endogenous business cycles

    OpenAIRE

    Deidda, Luca Gabriele; Fattouh, Bassam

    2010-01-01

    This paper develops an overlapping generation model with asymmetric information in the credit market such that the interplay between relationship finance supplied by investors who monitor investment decisions ex-ante and market finance supplied by investors who relay on public information can be the source of endogenous business fluctuations. Monitoring helps reducing the inefficiency caused by moral hazard. However, the incentives of entrepreneurs to demand relationship finance to induce mon...

  15. Is Islamic Finance ethical finance? Principles and Stakeholder Responsibilities

    OpenAIRE

    Hamzah, Shariza

    2011-01-01

    With the recent global financial crisis and the many scandals that have happened of late, there is a need for an ethical finance system. Reports have mentioned and concluded that Islamic financial institutions were the least to be affected, with more than US$800 billion worth of deposits and investments lodged, Islamic banks, mutual funds, insurance schemes, and Islamic branches of conventional banks (Hesse et al, 2008). Would it be fair then to say that Islamic finance is ethical finance? T...

  16. 75 FR 77010 - Regular Board of Directors Meeting; Sunshine Act

    Science.gov (United States)

    2010-12-10

    ... Committee IV. Summary Report of the Finance, Budget and Program Committee V. Summary Report of the Corporate Administration Committee VI. Summary Report of the Audit Committee VII. Approval of the Minutes VIII. Approval...

  17. Public Budget Database - Budget Authority and offsetting receipts 1976-Current

    Data.gov (United States)

    Executive Office of the President — This file contains historical budget authority and offsetting receipts for 1976 through the current budget year, as well as four years of projections. It can be...

  18. Asset Pricing Implications of Firms' Financing Constraints

    OpenAIRE

    Gomes, Joao F; Yaron, Amir; Zhang, Lu

    2002-01-01

    We incorporate costly external finance in a production based asset pricing model and investigate whether financing frictions are quantitatively important for pricing a cross-section of expected returns. We show that the common assumptions about the nature of the financing frictions are captured by a simple ‘financing cost’ function, equal to the product of the financing premium and the amount of external finance. This approach provides a tractable framework to examine the role of financing fr...

  19. Citizen Advisory Committees.

    Science.gov (United States)

    Miller, Leann R.

    This guide, describing community involvement through citizen advisory committees, is a summary of the literature on such committees. Its main concern is district committees created by school boards. Citations in the bibliography contain all points of view on committees and present many alternatives on most of the topics covered in the guide.…

  20. Integrated Budget Office Toolbox

    Science.gov (United States)

    Rushing, Douglas A.; Blakeley, Chris; Chapman, Gerry; Robertson, Bill; Horton, Allison; Besser, Thomas; McCarthy, Debbie

    2010-01-01

    The Integrated Budget Office Toolbox (IBOT) combines budgeting, resource allocation, organizational funding, and reporting features in an automated, integrated tool that provides data from a single source for Johnson Space Center (JSC) personnel. Using a common interface, concurrent users can utilize the data without compromising its integrity. IBOT tracks planning changes and updates throughout the year using both phasing and POP-related (program-operating-plan-related) budget information for the current year, and up to six years out. Separating lump-sum funds received from HQ (Headquarters) into separate labor, travel, procurement, Center G&A (general & administrative), and servicepool categories, IBOT creates a script that significantly reduces manual input time. IBOT also manages the movement of travel and procurement funds down to the organizational level and, using its integrated funds management feature, helps better track funding at lower levels. Third-party software is used to create integrated reports in IBOT that can be generated for plans, actuals, funds received, and other combinations of data that are currently maintained in the centralized format. Based on Microsoft SQL, IBOT incorporates generic budget processes, is transportable, and is economical to deploy and support.

  1. Budgeting Academic Space

    Science.gov (United States)

    Harris, Watson

    2011-01-01

    There are many articles about space management, including those that discuss space calculations, metrics, and categories. Fewer articles discuss the space budgeting processes used by administrators to allocate space. The author attempts to fill this void by discussing her administrative experiences with Middle Tennessee State University's (MTSU)…

  2. European Union Budget Politics

    DEFF Research Database (Denmark)

    Citi, Manuele

    2015-01-01

    The marginal involvement of the European Union (EU) in redistributive policies and its limited fiscal resources have led to a notable lack of attention by EU scholars towards the EU budget and its dynamics. Yet the nature of the budgetary data and their high usability for statistical analysis mak...

  3. TQM and Budgeting.

    Science.gov (United States)

    Kisha, George M.; Graham, J. Kenneth

    1994-01-01

    A New York State school district opted to use total quality management techniques to improve the district's performance and gain public support. After defining four key measures and establishing standards of excellence for each, the district concerned itself with the first measure, proposing an affordable tax rate increase. The proposed budget was…

  4. Marbling on a Budget.

    Science.gov (United States)

    Gruber, Donald

    2001-01-01

    Provides historical information on the art technique called marbling. Includes floating paints on water and transferring the patterns formed in the water to paper. Discusses how teachers can teach this technique with materials that fit their budgets. Describes the process in detail. (CMK)

  5. Zero-Based Budgeting.

    Science.gov (United States)

    Wichowski, Chester

    1979-01-01

    The zero-based budgeting approach is designed to achieve the greatest benefit with the fewest undesirable consequences. Seven basic steps make up the zero-based decision-making process: (1) identifying program goals, (2) classifying goals, (3) identifying resources, (4) reviewing consequences, (5) developing decision packages, (6) implementing a…

  6. AGF program budget 1992

    International Nuclear Information System (INIS)

    The program budget of the Arbeitsgemeinschaft Grossforschungseinrichtungen (AGF) (Cooperative of Major Research Establishments) describes its research and development objectives and the progress of work in the major research establishments involved and states the medium-term annual financial and personnel effort. (orig.)

  7. AGF program budget 1991

    International Nuclear Information System (INIS)

    The present program budget of the Arbeitsgemeinschaft Grossforschungseinrichtungen (AGF) (Cooperative of Major Research Establishments) describes its research and development objectives and the progress of work in the major research establishments involved and states the medium-term annual financial and personnel effort. (orig.)

  8. Post-Conflict Security Sector and Public Finance Management : Lessons from Afghanistan

    OpenAIRE

    Middlebrook, Peter; Simpson, Rima; Melloul, Karene

    2006-01-01

    In recent years, international organizations have concluded that standard principles of Public Finance Management (PFM) are equally applicable to all areas of the national budget, including the security sector. In many cases long-term external assistance may be required for the security sector, generating severe trade-offs with other priority sectors which also require long-term external ...

  9. Ministry of Finance: Discharge Reduction Funds to Provide Supports in Six Major Areas

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    @@ Zhu Guangyao, assistant Minister of the Ministry of Finance, said at the climate summit in Copenhagen on December 16, 2009 that, the government budget would increase the investment in the areas of energy conservation, discharge reduction and renewable energy sources in 2010 and during the period of Twelfth Five-Year Plan.

  10. Financing from ESF

    OpenAIRE

    Hromková, Radka

    2010-01-01

    The thesis „Financing from the ESF“ deals with a study and description of a policy of economic and social cohesion, further the European Social Fund, its incorporation in a structure of European Union funds, its objectives and benefits. The second part of this thesis is to supply readers with valuable information and useful advice on how to act when preparing a project drawing subsidies from the European Social Fund. In the practical part of the thesis, all knowledge is applied to a concrete ...

  11. F# for quantitative finance

    CERN Document Server

    Astborg, Johan

    2013-01-01

    To develop your confidence in F#, this tutorial will first introduce you to simpler tasks such as curve fitting. You will then advance to more complex tasks such as implementing algorithms for trading semi-automation in a practical scenario-based format.If you are a data analyst or a practitioner in quantitative finance, economics, or mathematics and wish to learn how to use F# as a functional programming language, this book is for you. You should have a basic conceptual understanding of financial concepts and models. Elementary knowledge of the .NET framework would also be helpful.

  12. My Life in Finance

    OpenAIRE

    Eugene F. Fama

    2011-01-01

    I was invited by the editors to contribute a professional autobiography to the Annual Review of Financial Economics. I focus on what I think is my best stuff. Readers interested in the rest can download my vita from the Web site of the University of Chicago, Booth School of Business. I only briefly discuss ideas and their origins to give the flavor of context and motivation. I do not attempt to review the contributions of others, which is likely to raise feathers. Mea culpa in advance. Financ...

  13. THEORETICAL FOUNDATIONS REGARDING THE IMPORTANCE, NECESSITY AND USAGE OF MULTIANNUAL BUDGETS IN ROMANIA

    Directory of Open Access Journals (Sweden)

    Lăpăduşi Mihaela Loredana

    2011-01-01

    Full Text Available The material is intended to be an easy to read one, structured in a way to be a theoreticalframework concerning the importance, necessity and usage of multi-annual budgets inRomania. The article puts particular emphasis on explaining the terminology specific to thedomain regarding multi-annual budgeting, on principles and less on methodology, whichonce learned and applied, can lead to the improvement of the financing mechanismsthrough multi-annual budgets. Without constituting a monograph of the legislation in force,the article refers also to the legal regulation that will be applied. In Romania budgets arevoted on annually, and this short time horizon has often been criticized that it wouldadversely affect the efficient management of expenditures. Decisions on resource allocationare taken without an overall vision, ignoring the implications of past decisions or set on atime horizon longer than one year. Most European countries have implemented in one formor another, multi-annual budgets, to counter the disadvantages of annual budgets. For themost part, universities that will apply multi-annual budgets will build a direct relationshiprelated to expectations regarding the evolution of the activity, not with the objectives set bythe university. In the case in which the expectations regarding the evolution of theuniversity are not expressed in clearly stated objectives, and are not employed indeveloping budgets, the answers received by performing an efficiency analysis of theuniversity, from the verification analysis of the projected and budgeted amounts, are verysimple and do not give added value to the budget process.

  14. Secular Patterns in Corporate Finance

    OpenAIRE

    Robert A. Taggart, Jr.

    1981-01-01

    Trends in the financing of the corporate sector have been widely discussed in both business and academic circles. It is frequently argued, for example, that corporations' use of debt financing has increased dramatically in recent years. These discussions have been hampered, however, by the lack of a unified theoretical framework. In this paper, an attempt is made to develop such a framework using existing corporate finance theory and some extensions thereof. This theory is then used to interp...

  15. Financial Inclusion: Islamic Finance Perspective

    OpenAIRE

    Mirakhor, Abbas; Iqbal, Zamir

    2012-01-01

    Enhancing financial inclusion or access to finance can make critical contributions to the economic development. Conventional mechanisms such as micro-finance, small-medium-enterprises (SME), and micro-insurance to enhance financial inclusion have been partially successful in enhancing the access and are not without challenges. Islamic finance, based on the concept of risk-sharing offers set of financial instruments promoting risk-sharing rather than risk-transfer in the financial system. In a...

  16. Trade Finance Affects Trade Dynamics

    OpenAIRE

    ARESPA CASTELLÓ, Marta; Gruber, Diego

    2016-01-01

    Existent literature is by no means conclusive on the effects of trade finance on trade and the economy. We propose a suitable framework to explore the linkages between international trade and finance based on an international real business cycle model where firms require external finance to import and can be financially constrained. We find that credit shocks do affect the dynamic properties of the economy and they have the potential to cause significant deviations in trade and economic perfo...

  17. Trade finance: developments and issues

    OpenAIRE

    Bank for International Settlements

    2014-01-01

    This report - prepared by a Working Group chaired by John Clark (Federal Reserve Bank of New York) - examines the structure and recent evolution of the global trade finance market, and the interplay between changes in trade finance and international trade. In particular, it reviews the available data sources and what they reveal about the size and evolution of the market, sheds light on the performance and impact of trade finance during recent episodes of funding strains in global markets, an...

  18. ISTISNA‘ FINANCING OF INFRASTRUCTURE PROJECTS

    OpenAIRE

    ZARQA, MUHAMMAD ANAS

    1997-01-01

    Projects that do not generate explicit income cannot be possibly financed on a profit-sharing basis. A suitable interest-free alternative method of financing is presented here, based on istisna‘ sale contract (commissioned or pre-ordered productio). Various aspects of using istisna‘ as a financing tool for infrastructural projects are discussed, including: (a) the illiquidity of the resulting financial claims and its implications, (b) suitability for financial intermediaries, and (c) the poss...

  19. Survey of finance companies, 2000

    OpenAIRE

    Karen E. Dynan; Kathleen W. Johnson; Samuel M. Slowinski

    2002-01-01

    Against a backdrop of robust economic activity, the finance company sector expanded briskly over the second half of the 1990s. The value of receivables held by finance companies in the United States rose nearly 50 percent, or about 11 percent a year, between 1996 and 2000. Business lending remained finance companies' major line of activity; the importance to the sector of consumer lending and leasing declined slightly, and the importance of real estate lending rose a bit. These and other find...

  20. Performance Budgeting and Accrual Budgeting: Decision rules or Analytic Tools?

    OpenAIRE

    Allen Schick

    2007-01-01

    Performance budgeting and accrual budgeting are analytic tools that provide information and insights which are not available through conventional approaches. But neither innovation is ready for widespread application as a decision rule in the budget process. This article urges fuller understanding of these innovations and their implications, and more systematic use of performance and accrual information for policy makers

  1. Indirect financing can ease $ crunch

    Energy Technology Data Exchange (ETDEWEB)

    Healy, T.J.

    1978-06-01

    The electric utility industry is moving toward indirect financing as a more promising way to raise the $500 to $600 billion in capital needed for expansion. Techniques of indirect financing include forming generating companies and construction trusts, leveraged leasing, and fuel-inventory financing. Some of the new strategies include forming independent or regional multi-sponsor companies, funding refuse-derived fuel or co-generation projects, imposing all-events full cost-of-service tariffs, mandating and financing residential conservation programs, and loan guarantees.

  2. Empirical techniques in finance

    CERN Document Server

    Bhar, Ramaprasad

    2005-01-01

    This book offers the opportunity to study and experience advanced empi- cal techniques in finance and in general financial economics. It is not only suitable for students with an interest in the field, it is also highly rec- mended for academic researchers as well as the researchers in the industry. The book focuses on the contemporary empirical techniques used in the analysis of financial markets and how these are implemented using actual market data. With an emphasis on Implementation, this book helps foc- ing on strategies for rigorously combing finance theory and modeling technology to extend extant considerations in the literature. The main aim of this book is to equip the readers with an array of tools and techniques that will allow them to explore financial market problems with a fresh perspective. In this sense it is not another volume in eco- metrics. Of course, the traditional econometric methods are still valid and important; the contents of this book will bring in other related modeling topics tha...

  3. Financing wind energy projects

    International Nuclear Information System (INIS)

    Triodos Bank has more than 10 years of experience with developing and financing wind projects in the Netherlands. Over 50 Megawatt has been installed with direct involvement of the bank. The experience is both as a bank and as a venture capital fund. In this contribution the perspective will be more from a venture capital point of view than as a bank. The bank's activities in the wind energy sector started in 1986 by forming a joint venture with an engineering bureau, experienced i wind energy but not yet in developing wind projects. From 1989 onwards the joint venture started to build wind farms, both as a private company and in a joint venture with utilities. The European Investment Bank became involved with a long-term debt finance facility (15 years, fixed interest loan). The main difficulties were long-term commitments from landowners (Dike authorities) and utilities with regard to power contracts. The development got really stuck when utilities refused to pay a fair price anymore. Also, site development became more and more difficult. Even the poor technical performance improved drastically and did not frighten developers and banks too much. (author)

  4. Accrual Budgeting and Fiscal Policy

    OpenAIRE

    Marc Robinson

    2009-01-01

    Can an accrual budgeting system-a system in which budgetary spending authorizations to line ministries are formulated in accrual terms-serve the needs of good fiscal policy? If so, how must such a system be designed? What are the practical challenges which may arise in implementing sound fiscal policy under a budgeting system which is significantly more complex than traditional cash budgeting? These are the primary questions addressed in this paper. Because any budgeting system must support t...

  5. Budgeting in an open system

    OpenAIRE

    Nowak, Wojciech A.

    2004-01-01

    Budgeting is broadly used as a tool for organizational management. And this is a reason for continuous looking for budgeting essence. In the paper the systems approach is applied to investigating the nature of budgeting. The systemic aspect of an organization and the systems approach to management were taken into account. Budgeting is seen as the process of prediction and communication of systemic attributes of an organization. It seems that the results reached point to the systems approach a...

  6. Innovating Development Finance : From Financing Sources to Financial Solutions

    OpenAIRE

    Girishankar, Navin

    2009-01-01

    As early as 2000, development partners embarked on a decade-long search for "innovative" or alternative sources of Official Development Assistance to help finance achievement of the Millennium Development Goals. For their part, developing countries have sought not only more financial flows but better financial solutions, for example, through partnerships that mobilize private finance for p...

  7. Homeland Security Technical Group update and a snapshot of Homeland Security research budgets

    Science.gov (United States)

    Saito, Theodore T.

    2006-05-01

    An overview of this conference (#6203) will include an overview of the program. A summary of the background and activities of SPIE's Global Homeland Security Technical Group, especially the Port and Harbor Security and Drinking Water Safety sub-committees will be included. Highlights and interesting aspects of the FY 06 & 07 Department of Homeland Security Budgets will be briefly discussed as well as the FY 07 Federal R&D budget focusing on Homeland Security.

  8. Best Practice in Performance Budgeting

    OpenAIRE

    Marc Robinson

    2002-01-01

    This paper seeks to identify the best practice principles for performance budgeting. It describes and analyses the principle mechanisms by which performance budgeting systems attempt to link results and resources. These mechanisms are evaluated, drawing amongst other things upon analysis of the underlying relationship between results and resources. The potential scope for the integration of performance management and budgeting is considered.

  9. Theoretical Considerations On Local Budgets

    OpenAIRE

    Ionel Eduard Ionescu; Cristian Constantin Oprea

    2012-01-01

    This paper provides an overview of local budgets, or otherwise highlights the importance of these tools - local budgets, in the financial autonomy mechanism. Local communities know better than central authorities, their possibilities of obtaining financial resources and needs on expenses for providing local partner services. All these resources and needs are identified in local budgets.

  10. What the Health Sector gains in Financial Budget 2011-12? : At Glance

    Directory of Open Access Journals (Sweden)

    Binita Desai

    2011-04-01

    Full Text Available The Union Finance Minister while presenting the Union Budget for 2011-12 on 28th February, announced to step up the plan allocations for Healthcare in 2011-12 by 20% to Rs. 26,760 crore as against Rs. 22,300 crore in the year 2010-11.1

  11. Does the wage tax system cause budget deficts? A macro-economic experiment

    NARCIS (Netherlands)

    A.M. Riedl; F.A.A.M. van Winden

    2001-01-01

    In this paper we investigate experimentally the economic functioning of a wage tax financed unemployment benefit system in an international economy, in particular in reaction to budget deficits and tax adjustment. Our results support the hypothesis that due to out-of-equilibrium price uncertainty pr

  12. Financing of innovative development: realities and prospects

    Directory of Open Access Journals (Sweden)

    I.V. Khovrak

    2013-03-01

    Full Text Available The aim of the article. The purpose of the article is to analyze the theoretical and practical basis for financing national economy innovative development, and ways of financing innovation with international experience.The results of the analysis. It should be noted that Ukraine's transition to an innovative model of national economy development is the only way to improve the quality of economic growth. Some aspects of innovative development are shown in several regulatory documents. However, at 01.01.12 only 16,2% of innovative enterprises are active, and the proportion of innovative products in the total volume of industrial production is 3,8%. It should be noted that in the EU countries these indicators are at 40-60%. Ukrainian model of innovation financing involves the following sources: own (depreciation, mobilization of domestic assets, proceeds from the sale of certain types of assets, retained earnings, etc., borrowings (long-term loans of financial institutions, leasing, forfeiting, franchising and involved (budget state and local levels, domestic and foreign investment: grants, international programs, mutual contributions of foreign investors, funds of foreign research funds, emission of shares. In the process of financial flows and their structure forming should be considered the following approaches: aggressive (maximum satisfaction operational needs in all types of assets with minimum insurance stocks and financial reserves, conservative (full coverage or current operational needs in all types of assets in the presence of sufficient levels of insurance stocks and financial reserves, moderate (full coverage of current needs in all types of assets in the presence of medium or normal in insurance stocks and financial reserves. Also, special attention should be paid to factors that affect the magnitude, intensity, time of formation and direction of the cash flows. According to the principles of financial management we decided to divide

  13. Hvordan spres beyond budgeting?

    OpenAIRE

    Navekvien, Kristian Andreassen; Johnsen, Mathias Siljedal

    2011-01-01

    Budsjettet har de siste årene blitt kritisert for å være uegnet til flere av dets bruksområder. Som en reaksjon på denne kritikken har Beyond Budgeting fremstått som et alternativ til budsjettstyring. Denne utredningen søker å finne ut hvorfor og hvordan Beyond Budgeting sprer seg. Vi finner at diffusjonen både påvirkes av aktive tilbudssideaktører, og av bedrifter som etterspør en mer dynamisk måte å styre virksomheten på. Effekten av å være informert om budsjettkritikken synes å være adopsj...

  14. PMSI and budget allocation

    Directory of Open Access Journals (Sweden)

    Marty M

    2000-03-01

    Full Text Available The instauration of the PMSI and its subsequent use for partially allocating hospital budgets has raised a number of issues. The calculation of the cost of ISA points has uncovered great disparities among different health care facilities. This article studies the consequences of using diagnostic related groups (GHM in the ISA scale as a classification tool. Normally, differences in patient populations among facilities should be averaged out by the ISA scale classification. However, a study of the numerous correlations between the cost of an ISA point and various calculated indicators in these structures proves that the scale does not succeed in adjusting this cost as a function of the patient population requesting care. The findings indicate that certain types of patients are more “profitable” than others. We must be careful not to allow this new method for determining budgets to induce patient selection or to a diverted use of PMSI data.

  15. Hvordan spres Beyond Budgeting?

    OpenAIRE

    Navekvien, Kristian Andreassen; Johnsen, Mathias Siljedal

    2011-01-01

    Budsjettet har de siste årene blitt kritisert for å være uegnet til flere av dets bruksområder. Som en reaksjon på denne kritikken har Beyond Budgeting fremstått som et alternativ til budsjettstyring. Denne utredningen søker å finne ut hvorfor og hvordan Beyond Budgeting sprer seg. Vi finner at diffusjonen både påvirkes av aktive tilbudssideaktører, og av bedrifter som etterspør en mer dynamisk måte å styre virksomheten på. Effekten av å være informert om budsjettkritikken synes å være adopsj...

  16. FY 1989 nuclear budget requests up 5.3%

    International Nuclear Information System (INIS)

    Fiscal 1989 budget requests were presented by administrative organizations to the Ministry of Finance by the end of August. On September 9, the Atomic Energy Commission presented a report on 'nuclear energy related draft budget approximations', a systematic summary of the budget requests made by eight ministries and agencies relating to the utilization of nuclear energy. According to the report, the eight ministries and agencies, including the Science and the Ministry of International Trade and Industry, requested a fiscal 1989 nuclear energy related budget of yen178,626 mil. in the general account (down 1.4% from 1988), and yen207,979 mil. in the special account for power resources development (up 11.8%), for a total of yen386,605 mil., an increase of 5.3%. Government guarantees for the coming years, making forward contracts possible for projects extending over two fiscal years or more, amount to yen55,285 mil. in the general account and 36,225 mil. in the special account, for a total of yen91,510 mil. Details of the budget approximation sought by the Science and Technology Agency (including the Japan atomic Energy Research Institute and Power Reactor and Nuclear Fuel Development Corporation) and the Ministry of International Trade and Industry are described. (N.K.)

  17. Intertemporal Budgeting and Efficiency

    OpenAIRE

    Shawna Grosskopf; Rolf Fare; Suthathip Yaisawarng

    1995-01-01

    This paper introduces an intertemporal variable cost indirect technology which permits technological change over time, as well as allowing for intertemporal financial flexibility. It characterizes firms or agencies which maximize outputs or services subject to a budget constraint. We define intertemporal Farrell-type output oriented technical efficiency under several different financial regimes, as well as efficiency gains from financial flexibility. An empirical illustration is included base...

  18. PMSI and budget allocation

    OpenAIRE

    Marty M; Toselli A; Vincke B

    2000-01-01

    The instauration of the PMSI and its subsequent use for partially allocating hospital budgets has raised a number of issues. The calculation of the cost of ISA points has uncovered great disparities among different health care facilities. This article studies the consequences of using diagnostic related groups (GHM) in the ISA scale as a classification tool. Normally, differences in patient populations among facilities should be averaged out by the ISA scale classification. However, a study...

  19. Programme budget 1981

    International Nuclear Information System (INIS)

    There are 11 main fields of KfK R + D activities which are connected with one or more of the research goals of a) assurance of nuclear fuel supply, b) nuclear waste management, c) safety of nuclear facilities, d) basic research and research on new technologies. The scientific and technical tasks connected with these goals in 1981 and on a medium-term basis as well as the financial requirements are presented in the programme budget. (orig.)

  20. The Incredible Shrinking Budget

    Science.gov (United States)

    T.H.E. Journal, 2013

    2013-01-01

    If district technology leaders had a nickel for every time they heard the phrase "the new normal," they'd have all the money they need to run their IT departments. In an effort to help readers think about their budgets in creative and practical ways, "T.H.E. Journal" and the Consortium for School Networking (CoSN) recently convened a panel of CTOs…

  1. Economic Development and Islamic Finance

    OpenAIRE

    IQBAL, ZAMIR; Mirakhor, Abbas

    2013-01-01

    Islamic finance has been practiced in some form since the inception of Islam, its practice in modern financial markets became recognized only in the 1980s, and began to represent a meaningful share of global financial activity only around the beginning of this century. In recent years, significant interest in Islamic finance has emerged in the world's leading conventional financial centers...

  2. The Possibilities of Strategic Finance

    Science.gov (United States)

    Chaffee, Ellen

    2010-01-01

    Strategic finance is aligning financial decisions--regarding revenues, creating and maintaining institutional assets, and using those assets--with the institution's mission and strategic plan. The concept known as "strategic finance" increasingly is being seen as a useful perspective for helping boards and presidents develop a sustainable…

  3. Local financing through capital markets

    OpenAIRE

    Alexandru, Ciprian Antoniade

    2007-01-01

    In this paper are presented results of research conducted to identify sources of financing alternatives for local community. The study includes an analysis of the present situation on the financing of investments by local municipal bonds. The paper ends with the presentation of the benefits of municipal bonds and proposals on the development of this market.

  4. Credit Reporting and Financing Constraints

    OpenAIRE

    Love, Inessa; Mylenko, Nataliya

    2003-01-01

    The authors combine firm-level data from the World Bank Business Environment Survey (WBES) with data on private and public credit registries to investigate whether the presence of a credit registry in a country is associated with lower financing constraints, as perceived by managers, and with higher share of bank financing. They find that the existence of private credit registries is assoc...

  5. Mastering R for quantitative finance

    CERN Document Server

    Berlinger, Edina; Badics, Milán; Banai, Ádám; Daróczi, Gergely; Dömötör, Barbara; Gabler, Gergely; Havran, Dániel; Juhász, Péter; Margitai, István; Márkus, Balázs; Medvegyev, Péter; Molnár, Julia; Szucs, Balázs Árpád; Tuza, Ágnes; Vadász, Tamás; Váradi, Kata; Vidovics-Dancs, Ágnes

    2015-01-01

    This book is intended for those who want to learn how to use R's capabilities to build models in quantitative finance at a more advanced level. If you wish to perfectly take up the rhythm of the chapters, you need to be at an intermediate level in quantitative finance and you also need to have a reasonable knowledge of R.

  6. Sanitation Finance in Rural Cambodia

    OpenAIRE

    Robinson, Andy

    2012-01-01

    This document presents the findings of a study on sanitation finance in Cambodia conducted for the Water and Sanitation Program (WSP) with support from the Asian Development Bank (ADB). The overall objective of the assignment was to consider sustainable sanitation financing options with a focus on promoting access for the poorest. This guidance note contains an introduction on sanitation f...

  7. Solomon Islands : Health Financing Options

    OpenAIRE

    Somanathan, Aparnaa

    2010-01-01

    The objective of this Policy Note is to provide an assessment of available options for financing health care in the Solomon Islands. In doing so, the analysis will factor in the country-specific economic, social and political factors, which will ultimately influence the performance of the health financing mechanisms. The Note was motivated by the Solomon Islands Government s (SIG) interest...

  8. Kosovo : Health Financing Reform Study

    OpenAIRE

    World Bank

    2008-01-01

    The objective of this report is to present information on the different health financing reform options available to Kosovo, which can help the government to make informed policy decisions about financing reforms. The report focuses on the key insurance functions of revenue collection and management, risk pooling, and purchasing of health care, as well as the supportive regulatory and gove...

  9. Financing of the Development Project

    OpenAIRE

    Moučková, Michaela

    2009-01-01

    The Bachelor thesis is dealing with the relevant questions to judge the usefulness of financing the development projects, especially the housing construction. It contains as well the recomended proposal of financing the Atrium Villas Císařka – II. stage of Akro Real, a.s. company.

  10. Budgeting tool for Restaurant X

    OpenAIRE

    Nguyen, Uyen

    2014-01-01

    In order to improve profitability and advance a company’s commitment to organ-ize growth, details plans which are called budgets are required. A budgeting tool is a beneficial asset for a company because it helps the budgeting preparation process become easier and faster. Thus, the aim of this thesis is to create a budgeting tool for Restaurant X. This thesis is product-orientated. There are three tasks conducted in this thesis. First one is to cover all relevant theories about a budget. T...

  11. Annual report 1993 - North Pacific Marine Science Organization (PICES). Second meeting, Seattle, WA, U.S.A., October 25-30, 1993

    OpenAIRE

    1994-01-01

    Report of Opening Session Report of Governing Council Meetings Reports of Science Board and Committees: Science Board Biological Oceanography Committee Fishery Science Committee Marine Environmental Quality Committee Physical Oceanography and Climate Committee Finance and Administration: Report of the Finance and Administration Committee Assets on 31st of December, 1992 Income and Expenditures for 1992 Budget for 1994 Compositi...

  12. Budget Deficits and Indirect Taxes during the Political Instability Periods in Turkey: Cointegration Analysis and EC Model Estimation, 1985-2003

    OpenAIRE

    Bildirici, M.; Cosar, N.

    2005-01-01

    The main purpose of this study is to examine a relationship between budget deficit and indirect taxes in political instability. Between 1985 and 2003, budget policies were influenced by unstable political conditions. In order to explain the financing of the budget deficits under the political instabilities. In the first part of the study, theoretical developments will be explained. Second, Turkish political and economic conditions will be analyzed. Third, econometric tests and results will be...

  13. Financing electricity expansion

    International Nuclear Information System (INIS)

    Expansion of electricity supply is associated with economic development. The installation and enlargement of power systems in developing countries entails a huge financial burden, however. Energy consumers in such countries must pay not only for supplies but for the cost of raising the capital for expansion on the international markets. Estimates are presented for the capital expenditure for electricity supply over the period 1990 to 2020 for the major world regions, using approximations for the cost of plant and capital and for the returns earned. These data lead to the conclusion that the five regions with the lowest per capita incomes are those which will need the major part of the capital expenditure and the highest percentage of external finance. (6 tables) (UK)

  14. Romanian SMEs Financing Options:

    Directory of Open Access Journals (Sweden)

    Ioan E. Nistor

    2013-11-01

    Full Text Available One of the most pressing problems faced by micro, small and medium sized enterprises (henceforth SMEs in Europe is the access to sufficient funds to sustain their long term growth. Romanian SMEs make no exception. In this context the present paper focuses on analyzing the extent to which external funding sources have contributed to the value added created by the Romanian SMEs between 2007 and 2011.The investigation’s results indicate the existence of a causal link between some forms of external financing (namely bank loans, leasing, factoring, guarantee products and European funds and the value added created by the Romanian micro, small and medium sized enterprises in the aforementioned period.

  15. Does literacy improve finance?

    Science.gov (United States)

    Poon, Martha; Olen, Helaine

    2015-04-01

    When economists ask questions about basic financial principles, most ordinary people answer incorrectly. Economic experts call this condition "financial illiteracy," which suggests that poor financial outcomes are due to a personal deficit of reading-related skills. The analogy to reading is compelling because it suggests that we can teach our way out of population-wide financial failure. In this comment, we explain why the idea of literacy appeals to policy makers in the advanced industrial nations. But we also show that the narrow skill set laid out by economists does not satisfy the politically inclusive definition of literacy that literacy studies fought for. We identify several channels through which people engage with ideas about finance and demonstrate that not all forms of literacy will lead people to the educational content prescribed by academic economists. We argue that truly financial literate people can defy the demands of financial theory and financial institutions. PMID:25838274

  16. Statistics and finance an introduction

    CERN Document Server

    Ruppert, David

    2004-01-01

    This textbook emphasizes the applications of statistics and probability to finance. Students are assumed to have had a prior course in statistics, but no background in finance or economics. The basics of probability and statistics are reviewed and more advanced topics in statistics, such as regression, ARMA and GARCH models, the bootstrap, and nonparametric regression using splines, are introduced as needed. The book covers the classical methods of finance such as portfolio theory, CAPM, and the Black-Scholes formula, and it introduces the somewhat newer area of behavioral finance. Applications and use of MATLAB and SAS software are stressed. The book will serve as a text in courses aimed at advanced undergraduates and masters students in statistics, engineering, and applied mathematics as well as quantitatively oriented MBA students. Those in the finance industry wishing to know more statistics could also use it for self-study. David Ruppert is the Andrew Schultz, Jr. Professor of Engineering, School of Oper...

  17. Debt relief and financing climate change action

    Science.gov (United States)

    Fenton, Adrian; Wright, Helena; Afionis, Stavros; Paavola, Jouni; Huq, Saleemul

    2014-08-01

    Slow progress in scaling-up climate finance has emerged as a major bottleneck in international negotiations. Debt relief for climate finance swaps could provide an alternative source for financing mitigation and adaptation action in developing countries.

  18. Budget Environment, Budget Implementation Audit and Budget Violation:An Empirical Study on the Basis of the Central Budget Implementation Audit Data%预算环境、预算执行审计与预算违规--基于中央各部门预算执行审计数据的实证研究

    Institute of Scientific and Technical Information of China (English)

    郑石桥; 孙硕

    2015-01-01

    预算违规是我国公共财政领域需要长期治理的问题。从预算环境和预算执行审计两个角度根据中央各部门预算执行审计数据探究预算违规的原因,结果显示:较高的财务充裕度会诱发更高比率的预算违规,更高的公众关注程度则会抑制预算违规,而部门首长的政治动力对预算违规并无影响,预算执行审计频度和预算违规程度显著负相关。因此,优化预算编制、完善预算公开、加速推进预算执行审计“全覆盖”势在必行。%Budget violation is the“psoriasis” which could not be cured in the field of Chinese public finance. This article ex-plores the reasons for the budget violation from two angles:budget environment and budget implementation audit. According to the research of central budget implementation audit, we found that higher financial adequacy will induce higher ratio of budget violation, a higher degree of public concern will restrain budget violation, and the head of department’ s political power does not have influence on the budget violation, the budget implementation audit frequency and the degree of budget violation is negatively correlated. Therefore, it is imperative to optimize the preparation of the budget, improve budget disclosure and ac-celerate the full coverage of budget implementation audit.

  19. 75 FR 39089 - Shipping Coordinating Committee; Notice of Committee Meeting

    Science.gov (United States)

    2010-07-07

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF STATE Shipping Coordinating Committee; Notice of Committee Meeting The Shipping Coordinating Committee (SHC) will conduct an..., Shipping Coordinating Committee, Department of State. BILLING CODE 4710-09-P...

  20. 77 FR 16316 - Shipping Coordinating Committee; Notice of Committee Meeting

    Science.gov (United States)

    2012-03-20

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF STATE Shipping Coordinating Committee; Notice of Committee Meeting The Shipping Coordinating Committee (SHC) will conduct an... . Dated: March 9, 2012. Brian Robinson, Executive Secretary, Shipping Coordinating Committee,...

  1. 77 FR 47491 - Shipping Coordinating Committee; Notice of Committee Meeting

    Science.gov (United States)

    2012-08-08

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF STATE Shipping Coordinating Committee; Notice of Committee Meeting The Shipping Coordinating Committee (SHC) will conduct an... . Dated: August 1, 2012. Brian Robinson, Executive Secretary, Shipping Coordinating Committee,...

  2. 75 FR 54415 - Shipping Coordinating Committee; Notice of Committee Meeting

    Science.gov (United States)

    2010-09-07

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF STATE Shipping Coordinating Committee; Notice of Committee Meeting The Shipping Coordinating Committee (SHC) will conduct four...: August 30, 2010. Jon Trent Warner, Executive Secretary, Shipping Coordinating Committee, Department...

  3. 77 FR 12641 - Shipping Coordinating Committee; Notice of Committee Meeting

    Science.gov (United States)

    2012-03-01

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF STATE Shipping Coordinating Committee; Notice of Committee Meeting The Shipping Coordinating Committee (SHC) will conduct an..., 2012. Brian Robinson, Executive Secretary, Shipping Coordinating Committee, Department of...

  4. 77 FR 70525 - Shipping Coordinating Committee; Notice of Committee Meeting

    Science.gov (United States)

    2012-11-26

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF STATE Shipping Coordinating Committee; Notice of Committee Meeting The Shipping Coordinating Committee (SHC) will conduct an..., 2012. Brian Robinson, Executive Secretary, Shipping Coordinating Committee, Department of...

  5. 76 FR 70529 - Shipping Coordinating Committee; Notice of Committee Meeting

    Science.gov (United States)

    2011-11-14

    ... From the Federal Register Online via the Government Publishing Office ] DEPARTMENT OF STATE Shipping Coordinating Committee; Notice of Committee Meeting The Shipping Coordinating Committee (SHC) will...: November 7, 2011. Brian Robinson, Executive Secretary, Shipping Coordinating Committee, Department of...

  6. 75 FR 10546 - Shipping Coordinating Committee; Notice of Committee Meeting

    Science.gov (United States)

    2010-03-08

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF STATE Shipping Coordinating Committee; Notice of Committee Meeting The Shipping Coordinating Committee (SHC) will conduct an... . ] Dated: March 2, 2010. Jon Trent Warner, Executive Secretary, Shipping Coordinating Committee,...

  7. 78 FR 45592 - Shipping Coordinating Committee; Notice of Committee Meeting

    Science.gov (United States)

    2013-07-29

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF STATE Shipping Coordinating Committee; Notice of Committee Meeting The Shipping Coordinating Committee (SHC) will conduct an..., 2013. Marc Zlomek, Executive Secretary, Shipping Coordinating Committee, Department of State....

  8. 77 FR 70526 - Shipping Coordinating Committee; Notice of Committee Meeting

    Science.gov (United States)

    2012-11-26

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF STATE Shipping Coordinating Committee; Notice of Committee Meeting The Shipping Coordinating Committee (SHC) will conduct an...: November 14, 2012. Brian Robinson, Executive Secretary, Shipping Coordinating Committee, Department...

  9. 75 FR 82129 - Shipping Coordinating Committee; Notice of Committee Meeting

    Science.gov (United States)

    2010-12-29

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF STATE Shipping Coordinating Committee; Notice of Committee Meeting The Shipping Coordinating Committee (SHC) will conduct two... Trent Warner, Executive Secretary, Shipping Coordinating Committee, Department of State. BILLING...

  10. 77 FR 28923 - Shipping Coordinating Committee; Notice of Committee Meeting

    Science.gov (United States)

    2012-05-16

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF STATE Shipping Coordinating Committee; Notice of Committee Meeting The Shipping Coordinating Committee (SHC) will conduct an..., 2012. Brian Robinson, Executive Secretary, Shipping Coordinating Committee, Department of...

  11. 77 FR 47490 - Shipping Coordinating Committee; Notice of Committee Meeting

    Science.gov (United States)

    2012-08-08

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF STATE Shipping Coordinating Committee; Notice of Committee Meeting The Shipping Coordinating Committee (SHC) will conduct open.... Brian Robinson, Executive Secretary, Shipping Coordinating Committee, Department of State. BILLING...

  12. Estimated Financing Amount Needed for Essential Medicines in China, 2014

    Institute of Scientific and Technical Information of China (English)

    Wei Xu; Zheng-Yuan Xu; Gong-Jie Cai; Chiao-Yun Kuo; Jing Li; Yi-Syuan Huang

    2016-01-01

    Background:At the present time,the government is considering to establish the independent financing system for essential medicines (EMs).However,it is still in the exploration phase.The objectives of this study were to calculate and estimate financing amount of EMs in China in 2014 and to provide data evidence for establishing financing mechanism of EMs.Methods:Two approaches were adopted in this study.First,we used a retrospective research to estimate the cost of EMs in China in 2014.We identified all the 520 drugs listed in the latest national EMs list (2012) and calculated the total sales amount of these drugs in 2014.The other approach included the steps that first selecting the 109 most common diseases in China,then identifying the EMs used to treat them,and finally estimating the total cost of these drugs.Results:The results of the two methods,which showed the estimated financing amounts of EMs in China in 2014,were 17,776.44 million USD and 19,094.09 million USD,respectively.Conclusions:Comparing these two results,we concluded that the annual budget needed to provide for the EMs in China would be about 20 billion USD.Our study also indicated that the irrational drug use continued to plague the health system with intravenous fluids and antibiotics being the typical examples,as observed in other studies.

  13. Les finances du sport et l’éthique sportive

    OpenAIRE

    Wladimir Andreff

    1999-01-01

    [fre] Le financement du Sport de masse provient principalement de quatre sources : le budget de l'État, les collectivités locales (surtout les communes), les entreprises privées (dont les médias) et les dépenses des ménages pour le sport. Elles sont analysées pour la France et dix autres pays européens. Le développement du spectacle sportif, et la professionalisation des athlètes) ont donné naissance à un véritable secteur économique. Il est financé par les recettes au guichet tirées des spec...

  14. Financing Infrastructure: A Spectrum of Country Approaches

    OpenAIRE

    Sophia Chong; Emily Poole

    2013-01-01

    Over recent decades, there has been a shift away from public infrastructure financing towards private infrastructure financing, particularly in advanced economies. In this article, infrastructure financing in four countries – China, India, Australia and the United Kingdom – is examined to illustrate the different approaches taken by governments to finance infrastructure and encourage private financing. In all four countries, public financing of infrastructure remains significant, ranging from...

  15. Sharing of Risks in Islamic Finance

    OpenAIRE

    Sekreter, Ahmet

    2011-01-01

    For most of the people the prohibition on interest is the well known part of Islamic finance. Indeed, the concept of Islamic finance was not being discussed enough till financial crisis, after crisis it started to be seen as an alternative financial system for conventional finance. Sharing the risks is the main concept of Islamic finance and one of the main differences between conventional and Islamic finance. Depositors/savers do not bear any risk in conventional finance however Islamic fina...

  16. Finance of the Municipal Sector in Comparison with Public Finance of the European Union Countries

    Directory of Open Access Journals (Sweden)

    Agnieszka Alińska

    2007-01-01

    Full Text Available The general financial situation of municipal government in the European Union countries seems to be very good. The dynamics of tax income value growth achieved by local and regional authorities considerably exceed the figures characterizing the all public sector. Moreover, municipal authorities at the local and regional level are a leading public investor in many EU countries, they finance 69,3% of all public investments in average in all EU. Besides the value of their budget deficits, at the level of 0,2% GDP, and also their share in values of the national debt at the level of 5,8% GDP the European Union can be qualified as safe having no negative impact on getting positive economic effects in many countries of the European Union.

  17. Program Classification for Performance-Based Budgeting

    OpenAIRE

    Robinson, Marc

    2013-01-01

    This guide provides practical guidance on program classification, that is, on how to define programs and their constituent elements under a program budgeting system. Program budgeting is the most widespread form of performance budgeting as applied to the government budget as a whole. The defining characteristics of program budgeting are: (1) funds are allocated in the budget to results-bas...

  18. Seabrook financing OK'd; completion still in doubt

    International Nuclear Information System (INIS)

    Despite conditional approval of a $525 million financing strategy for the Seabrook nuclear plant, there are serious doubts whether the plant will ever be completed. The New Hampshire commission approval was a move to avoid bankruptcy because state law prevents recovery of sunk investments in cancelled plant. With $3.2 billion invested, the total estimated cost for unit one is $4.65 billion. Current construction costs are running $3 million a week over budget, with the difference made up from earlier work done under budget. The commission qualified its authorization for $525 million in new securities by citing the need for approvals from the commissions of surrounding participating states and the need for continued evidence that investment in Seabrook-1 is prudent

  19. TRADITIONAL BUDGETING VERSUS BEYOND BUDGETING: A LITERATURE REVIEW

    Directory of Open Access Journals (Sweden)

    CARDOS ILDIKO REKA

    2014-07-01

    Full Text Available Budgets are an important part of the business environment since 1920 and are considered to be the key drivers and evaluators of managerial performance; and the key elements for planning and control. Budgets are the most powerful tool for management control; they can play an essential role in the organization’s power politics because it can increase the power and authority of top management and limit the autonomy of lower-level managers. Besides its advantages traditional budgeting presents disadvantages also. In recent years criticism towards traditional budgeting has increased. The basis of this criticism is that traditional budgeting is a relic of the past; it prevents reactions to changes in the market, it cannot keep up with the changes and requirements of today’s business world and it isn’t useful for business management. In order to eliminate criticism researchers and practitioners have developed more systematic and alternative concepts of budgeting that suits better for the needs of the modern business environment. Beyond budgeting, better budgeting, rolling forecasts, activity-based budgeting are the main alternatives developed in the last years. From the mentioned alternatives this article examines only beyond budgeting. Our paper discusses how budgeting has evolved into its current state, before examining why this universal technique has come under such heavy criticism of late. The paper is a literature analysis, it contributes to the existing managerial accounting literature and it is structured as follows. In the first part the background and evolution of budgeting is presented, followed by the analysis of related theories in traditional budgeting, emphasizing both the advantages and disadvantages of traditional budgeting. The second part of the paper continues with the discussion about alternative budgeting methods highlighting pros and cons of alternative methods, especially beyond budgeting. In the third part conducted

  20. TRENDS IN OFFICIAL DEVELOPMENT ASSISTANCE TO DEVELOPING COUNTRIES AND POSSIBILITIES OF ALTERNATIVE FINANCING MECHANISMS

    Directory of Open Access Journals (Sweden)

    Talknice Saungweme

    2013-09-01

    Full Text Available The study analyses trends in Official Development Assistance (ODA to developing countries, mainly Africa, and possibilities of new financing instruments. Economies of most developing countries, especially those in Sub-Saharan Africa, are characterised by low investment flows, huge import bills and lower exports. Subsequently, development assistance is the major source of external finance and has taken the form of budget support, humanitarian and development finance. However, the noted fall in ODA in 2005, 2009 and 2012 might adversely impact directly on the attainment of millennium development goals in 2015. This negative trend in ODA is a result of a combination of factors such as economic constraints in the donor countries (for example, the debt crisis and/or a new shift in financing mechanisms to developing countries.

  1. STANDING CONCERTATION COMMITTEE: ORDINARY MEETINGS IN NOVEMBER & DECEMBER 2003

    CERN Multimedia

    2004-01-01

    Original: English These meetings were devoted to the main topics summarised below. 1-Follow-up of the meetings of TREF in October and the Finance Committee in November, and preparation for the Committee meetings in December The Chairman reported that the Management's proposals to adjust, on 1 January 2004, the salaries by 1.1%, on the basis of the calculated salary index, and the pensions by 0.7%, corresponding to the Geneva cost-of-living index, had received the support of TREF and would now be proposed by the Finance Committee for approval by Council in December. TREF had taken note of a factual status report regarding the first phase of recruitment of Local Staff and looked forward to a final report on overall implementation in June next year. TREF also gave its support to the Management's proposed modification to the Progressive Retirement Programme. Subject to some amendments and clarifications made at TREF and at the SCC, this proposal will be submitted for approval at the Finance Committee and Counci...

  2. The Audit Committee. AGB Effective Committee Series

    Science.gov (United States)

    Staisloff, Richard L.

    2011-01-01

    This publication is part of an Association of Governing Boards of Universities and Colleges (AGB) series devoted to strengthening the role of key standing committees of governing boards. While there is no optimum committee system for institutions of higher education, certain principles, practices, and procedures prevail. The best practices…

  3. The Audit Committee Impact

    OpenAIRE

    2005-01-01

    Study - Executive Summary In 2002, new corporate governance-related guidelines were introduced in Switzerland that included recommendations on the establishment, composition, structure and processes of audit committees. This study presents new evidence on audit committee patterns and trends at Swiss listed companies, as well as on audit committee effectiveness. The results of this study are important to individuals and organizations dealing with audit committees, incl...

  4. BUDGET AND BUDGET EXECUTION IN THE NORTHWEST REGION OF ROMANIA

    Directory of Open Access Journals (Sweden)

    IOAN BATRANCEA

    2013-07-01

    Full Text Available The budget is a tool multiannual financial forecasting both at micro and macro level. In this sense, regional and local government budget is a financial instrument that connects resources to use local funds in order to ensure the prosperity of the community concerned. Construction and especially budget execution highlights the effectiveness of local and regional government. Using a system of indicators correlated reveals income, expenditure and budgetary outturn.

  5. TRADITIONAL BUDGETING VERSUS BEYOND BUDGETING: A LITERATURE REVIEW

    OpenAIRE

    CARDOS ILDIKO REKA; PETE STEFAN; CARDOS VASILE DANIEL

    2014-01-01

    Budgets are an important part of the business environment since 1920 and are considered to be the key drivers and evaluators of managerial performance; and the key elements for planning and control. Budgets are the most powerful tool for management control; they can play an essential role in the organization’s power politics because it can increase the power and authority of top management and limit the autonomy of lower-level managers. Besides its advantages traditional budgeting presents di...

  6. Financing long term liabilities

    International Nuclear Information System (INIS)

    In the '80 even if there were no precise law disposition in this specific matter, Enel has created a fund for the plants decommissioning and a fund for the irradiated fuel management. A setting aside pluri-annual plan has been defined. Cumulated funds transferred to the Sogin at the date of its constitution amount to about 1500 MLD ITL (750 M Euro). This amount was adequate to complete decommissioning activities within the Safe Store strategy. Following the separation of Sogin from Enel, a funding mechanism has been defined to provide resources for additional costs deriving from the different economic conditions (new discount rate and taxes), from the management costs for the new company, and from the change in strategy (from Safe Store to DECON). A Decree of the Ministry of the Industry, issued on 26 January 2000, states that the above mentioned extra costs for Sogin shall be financed on a levy on the price of the sold kWh. Every year Sogin shall present the program of future activities, with associated costs: on this basis, the national Authority for Electric energy and Gas (the national body which defines tariff policy) shall re-evaluate the global amount to be granted to Sogin and the levy on the price of the kWh due to Sogin for next three years. The re-evaluation will take into account economic efficiency criteria. For the period 2002- 2004 the Authority has defined a global amount of about 362 M euros to be granted to Sogin, corresponding to ∼0,04 cents of Euro per kWh. The same procedure is foreseen by the Decree in order to finance Sogin for additional costs related to the dismantling of nuclear installations now property of ENEA. In this context, a Consortium between ENEA and Sogin has been established. The Authority for the period 2002-2004 has defined a global amount of about 106 M euros to be granted to the Consortium, corresponding to ∼0,015 cents of Euro per kWh. (author)

  7. The problem of ensuring efficiency of internal control in a budget institution and directions of its solution

    Directory of Open Access Journals (Sweden)

    Synyugina Nataliya V.

    2013-03-01

    Full Text Available The article analyses the problem of ensuring efficient and legitimate functioning of the system of state finance in Ukraine. It justifies a necessity of introduction of internal control into budget institutions, which conforms with the Concept of Development of State Internal Financial Control in Ukraine. It identifies tasks of internal control in budget institutions. It identifies general and special criteria of assessment of efficiency of internal control in budget institutions. It offers directions of ensuring efficiency of internal control in Ukraine. Its scientific novelty lies in identification of tasks of internal control in a budget institution and proposed directions of ensuring efficiency of internal control into budget institutions. Practical significance is in a possibility of application of the author’s conclusion in practical activity of managers of budget funds with the aim to organise efficient internal control.

  8. Behavioural Finance: Theory and Survey

    Directory of Open Access Journals (Sweden)

    Daiva Jurevičienė

    2013-04-01

    Full Text Available The paper analyses the importance of behavioural finance theories in household decision-making process. Behavioural finance theories investigate emotional characteristics to explain subjective factors and irrational anomalies in financial markets. In this regard, behavioural theories and behavioural anomalies in the decision-making process are examined; the application opportunities in the financial market are described. The aim of investigation is to determine the basic features and slopes of behavioural finance in concordance with financial decisions of a household. The survey method was applied to ascertain financial behaviour of literate households.

  9. Access to Finance Thresholds and the Finance-Growth Nexus

    OpenAIRE

    Ben Jelili, Riadh; Abdmoulah, Walid

    2013-01-01

    Based on Aghion et al. (2005), this article provides new insights regarding whether financial development can affect economic growth non-linearly by adopting the concept of threshold effects. The empirical approach adopted in this article allows for the finance-growth relationship to be piecewise linear with a set of indicators including access to finance acting as a regime-switching trigger. Using cross-country observations from 144 countries stretching from 1985 to 2009, strong evidence of ...

  10. The Private Finance Initiative and public sector finance

    OpenAIRE

    Rob Ball; Maryanne Heafey; David King

    2002-01-01

    Traditionally, when the public sector wanted more capital assets, it borrowed funds for the purpose. Under the Private Finance Initiative (PFI), private consortia borrow funds to build assets and then, in return for a charge, use them to provide services for the public sector. The authors explore the implications for the public finances of using the PFI. A widely held belief, which has been put forward by the Treasury, is that using the PFI allows investment in assets used by the public secto...

  11. THE NECESSITY OF IMPLEMENTING REFORMS IN THE FIELD OF LOCAL PUBLIC FINANCE

    Directory of Open Access Journals (Sweden)

    Vezure Oana Sabina

    2013-06-01

    Full Text Available The difficulties faced by local authorities as a result of the austerity conditions in which they work, the elements inherited from the previous regime, the need for additional resources to optimize public finance to meet the needs, optimally, if possible, citizens, require the design and continue the reform of public finances at the local level that correspond to these requirements. Optimization of the reform process in local public finances depend to a great extent on the use of financial levers of fiscal efficiency, fulfilment of the functions of public finance, the way resources are provided and how their administration for economic and social development. The uneven development of economic weakness of the assembly reflect and are unacceptable because, in their turn, become a source of economic and political instability. Responsibility for ensuring sufficient local revenue must not belong to a large measure, the central authorities, the context in which local authorities should prioritize finding solutions to supplement the local budget and obtain funds from the central budget. At the same time, cannot be intended directions of reform in the field of public administration without taking into account the financial implications reflected in the budgets for each level of Government, pyramid-shaped, from central to local level.

  12. Financing Hierarchy, Financial Market Constraints, Leverage and Investment Financing in a Low-Income Developing Country

    OpenAIRE

    Johnson, Omotunde E G

    1992-01-01

    A debt-service constraint and co-financing requirement for outside equity financing are incorporated into a financing hierarchy framework in which firms behave as if they prefer inside to outside financing and debt to equity when they use outside financing. The constraints place both a floor and a ceiling on the ratios of debt to outside financing and a ceiling on the ration of outside equity to outside finance. If creditors and outside investor act in concert, under certain conditions, they ...

  13. Computing for Finance

    CERN Document Server

    CERN. Geneva

    2007-01-01

    The finance sector is one of the driving forces for the use of distributed or Grid computing for business purposes. The speakers will review the state-of-the-art of high performance computing in the financial sector, and provide insight into how different types of Grid computing – from local clusters to global networks - are being applied to financial applications. They will also describe the use of software and techniques from physics, such as Monte Carlo simulations, in the financial world. There will be four talks of 20min each. The talk abstracts and speaker bios are listed below. This will be followed by a Q&A panel session with the speakers. From 19:00 onwards there will be a networking cocktail for audience and speakers. This is an EGEE / CERN openlab event organized in collaboration with the regional business network rezonance.ch. A webcast of the event will be made available for subsequent viewing, along with powerpoint material presented by the speakers. Attendance is free and open to all. R...

  14. Effects of vacation properties on local education budgets

    Directory of Open Access Journals (Sweden)

    Jason Giersch

    2014-12-01

    Full Text Available Residents of school districts with large percentages of vacation properties have the opportunity to export a portion of their school taxes onto the owners of those vacation properties. Those property owners are unlikely to consume educational services or have the opportunity to vote against local school taxes. Previous studies address exportation of taxes onto vacation property owners and the effects on local government budgets generally but not on education finances specifically. This study connects research on rates of vacation properties with that on local education finances by using data from the state of Georgia in 2010 and weighted least squares regression analysis to show that high percentages of vacation properties do indeed result in larger local school expenditures.

  15. Baseline budgeting for continuous improvement.

    Science.gov (United States)

    Kilty, G L

    1999-05-01

    This article is designed to introduce the techniques used to convert traditionally maintained department budgets to baseline budgets. This entails identifying key activities, evaluating for value-added, and implementing continuous improvement opportunities. Baseline Budgeting for Continuous Improvement was created as a result of a newly named company president's request to implement zero-based budgeting. The president was frustrated with the mind-set of the organization, namely, "Next year's budget should be 10 to 15 percent more than this year's spending." Zero-based budgeting was not the answer, but combining the principles of activity-based costing and the Just-in-Time philosophy of eliminating waste and continuous improvement did provide a solution to the problem. PMID:10387778

  16. Community participation in the decentralised district health systems in Tanzania: why do some health committees perform better than others?

    Science.gov (United States)

    Maluka, Stephen Oswald; Bukagile, Godfrey

    2016-04-01

    Over the past two decades, community participation has emerged as an important dimension within decentralised district healthcare systems. In Tanzania, initiatives to strengthen community participation have focused on the formation of the health committees. Studies have reported variations in the performance of the committees. An exploratory case study design focusing on two districts was adopted to explore the differences in practice of the health facility committees in a well-functioning district and one that is not. In both study districts, the committees were in place. The most common activities of the health committees were assisting the clinic in day-to-day running. The health committees' influence on policy, planning and budgeting was limited. Managerial and leadership practices of the district health managers, including effective supervision and personal initiatives of the top-district health officials coupled with incentives, are the major factors for the good performance of the health facility committees and the boards. Inadequate training and low public awareness affected the performance of the committees. A greater role in governance and oversight is essential for effective and meaningful health committees. To achieve impact, health committees will require adequate training on the following: roles and functions of the health facility committees and the boards; interaction between the committees and the communities and the health workers; development of health plans and budgets at the local and district level; and monitoring and tracking. Copyright © 2015 John Wiley & Sons, Ltd. PMID:26044888

  17. The Governance Slack Model: A cash flow approach for the budgeting and accountability of some corporate governance issues

    OpenAIRE

    Apreda, Rodolfo

    2002-01-01

    This paper introduces a cash flow model to budget and monitor distinctive matters usually arising in corporate governance. By enlarging the standard cash flow model widely used in Finance, and avoiding some of its downsides, it sets up a composite of cash flows called governance slack, which amounts to a comprehensive budget for the most usual governance issues. This slack has a dual structure whose dynamics keeps track of uses and sources of its components, preventing likely agency problems ...

  18. Conference OKs science budgets

    Science.gov (United States)

    With the budget process all but complete for next fiscal year, the National Science Foundation and the National Aeronautics and Space Administration observers were saying that science had not done that badly in Congress, for an election year. NSF got half the budget increase it requested, NASA two-thirds. The Space Station did well, at the expense of environmental and social programs, which are funded by Congress from the same pot of money as NASA and NSF.A House-Senate conference finished work on a $59 billion appropriations bill for the Department of Housing and Urban Development and independent agencies, including EPA, NASA, and NSF, in early August. The House and Senate then quickly passed the measure before their recess; the President is expected to sign it soon. Included in the Fiscal Year 1989 spending bill are $1,885 billion for NSF, a 9.8% increase over FY 1988, and $10.7 billion for NASA, 18.5% more than the year before.

  19. Collection assessment and acquisitions budgets

    CERN Document Server

    Lee, Sul H

    2013-01-01

    This invaluable new book contains timely information about the assessment of academic library collections and the relationship of collection assessment to acquisition budgets. The rising cost of information significantly influences academic libraries'abilities to acquire the necessary materials for students and faculty, and public libraries'abilities to acquire material for their clientele. Collection Assessment and Acquisitions Budgets examines different aspects of the relationship between the assessment of academic library collections and the management of library acquisition budgets. Librar

  20. A Budget for the People

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    Redistributing income to improve people’s livelihoods becomes a priority of the central budget The government’s budget this year will top an unprecedented 10 trillion yuan ($1.52 trillion), an increase of 11.9 percent over that of 2010, according to the government’s annual budget report delivered to the Fourth Session of the 11th National People’s Congress on March 5.